Why measurement matters in income inequality

Oversimplifying this issue to arrive at predetermined results risks making the situation worse

Why measurement matters in income inequalityBy Jason Clemens and Chris Sarlo The Fraser Institute Canada, like most industrial countries has its fair share of economists and politicians arguing that Canada has an inequality crisis requiring large-scale, even unprecedented government intervention to solve. More often than not the issue of inequality and how we measure it is grossly over-simplified. The reality…

Income inequality not the best measure of living standards

If we look at individuals rather than families, income inequality has, in fact, declined a bit since the early 1980s

Income inequality not the best measure of living standardsYou can hardly find a current affairs magazine, newspaper or television program that has not dealt with income inequality recently. In December 2013, U.S. President Barack Obama called America's growing income gap "the defining challenge of our time." Whether the income gap is a problem or a "challenge" is something for another column. However, the…

The end of economics (as we know it)

Monetarism’s failings are giving rise to the new economy of wellbeing

The end of economics (as we know it)The world is changing. And while many of these changes are obvious, such as the revolution in technology or the tectonic shifts in world politics, there are also significant changes taking place in the ideas that underpin the science of economics. Why do these ideas matter? They matter because economics is a foundational science. The…

Electric cars still not ready for prime time

Electric cars are nothing but taxpayer subsidized toys for the 1 percenters

Electric cars still not ready for prime timeTwenty years ago, in May, 1995, I had my first op-ed published in a major newspaper, the Los Angeles Times. The title was Pull the Plug on the Electric Car Mandate. In that column I pointed out that battery-powered (non-hybrid) electric vehicles (EVs) were not ready for wide-scale adoption for a variety of reasons, including…

Growing inequality poses a health risk to all of us

Addressing the upstream determinants of health can improve both the economy and the wellbeing of Canadians

Growing inequality poses a health risk to all of usCertain Canadian commentators are advancing a strange critique of public health, suggesting that physicians and public health experts, charged with caring for the health of Canadians, should not concern themselves with the root causes of illness and stick to a narrow range of health interventions. Fortunately, Canadian health experts have a broader and more complete…

Walmart plan to increase wages an act of brilliance

But fast-food industry – including McDonald’s – won’t be following in its footsteps any time soon

Walmart plan to increase wages an act of brillianceWalmart shareholders were not overly thrilled to learn that the company was planning to increase the salaries of their poorly paid employees in the U.S. Known for its cost-cutting approach and shrewd management methods, the announcement came as a surprise. Given that this soon-to-be-better-paid group includes more than 500,000 people, most of them women, many…
1 4 5 6