income mobility

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Economic freedom—something to brag about in Florida and beyond

Economically free states are more likely to experience higher wages and more entrepreneurial activity.

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Family ‘income mobility’ data—a cup at least half full

More than 60 per cent moved out of the bottom and fewer than 60 per cent stayed at the top.

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From 1993 to 2003, nine of every 10 Canadians who started out in the lowest income group moved up to higher income groups.

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Is Canada still a land of opportunity? If you base your opinion on what sometimes appears on editorial pages or social media threads, you might not be sure.

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Some columnists regularly help influence the general public’s view on important social issues. Indeed, they are opinion-shapers. So it’s unfortunate when they get things wrong—particularly when the intended audience is young and impressionable.

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Headlines in the Globe and Mail, Toronto Star, and CBC all trotted out the cliché that the rich are getting richer while the poor are getting poorer, giving the impression of a doomsday-like wealth inequality gap. Fortunately, nothing could be further from the truth.

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Given the continuous stream of media stories highlighting growing income inequality, it’s understandable that Canadians are worried about the implications. Thankfully however, the story of rapidly rising income inequality in Canada is just that, a great fictional tale.