Canada’s Prosperity Hindered by Income Inequality, Report Finds

A new report says Canada must address income inequality to take advantage of its human capital and succeed in the knowledge-based economy.

As wealthy families move into exclusive neighbourhoods, the tax base for public services in other communities dwindles, says a new report, which recommends that Canada address income inequality if it is to take advantage of its human capital and succeed in today’s knowledge-based economy. Photos.com

Canada needs to address income inequality if it is to take advantage of its human capital and succeed in today’s knowledge-based economy, says a new report published by Action Canada.

“If success in the knowledge-based economy depends on human capital, and if inequality and poverty negatively affect the components of human capital, then Canada’s rising inequality and persistently high levels of poverty could be jeopardizing its capacity to prosper,” reads the report, titled “Prospering Together.”