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Saturday, July 23, 2011

Rich getting richer (guest post)

"I may live to see an uprising over the widening gap between rich and poor in North America. After all, that's the cause of the regime change this year in North Africa and the Middle East. ... At some point, some of us will awaken to the fact that many of our social ills -- including the American economy's stubborn refusal to recover -- can be traced back to a 30-year stagnation in middle-class incomes. The economy, stock market and executive pay have all increased by several multiples in that time. But between 1976 and 2009, median income for Canadians rose just 5.5 per cent." --David Olive, Toronto Star. Links: http://www.huffingtonpost.ca/2011/07/23/income-inequality-rising_n_907828.html; http://www.thestar.com/business/article/1029399--olive-widening-income-gap-hurts-us-all

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