OTTAWA — Age, not gender, is increasingly at the heart of income inequality in Canada, says a new study that warns economic growth and social stability will be at risk if companies don’t start paying better wages.
The Conference Board of Canada findings suggest younger workers in Canada are making less money relative to their elders regardless of whether they’re male or female, individuals or couples, and both before and after tax.
The average disposable income of Canadians between the ages of 50 and 54 is now 64% higher than that of 25- to 29-year-olds, the report found. That’s up from 47% in the mid-1980s.
Conference Board vice-president David Stewart-Patterson, one of the study’s co-authors, said the economic think-tank was motivated to undertake the study due to a wealth of “anecdotal evidence” that suggests Canadian youth are falling behind economically.
“We all know the stories — all our…
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