Monday, November 26, 2012

Minimum Wage and poverty

Two things I wanted to share about the minimum wage and poverty in Canada. POverty in Canada is often a transient phase in a Canadian's life. Poor today, rich tomorrow: Permanent underclass in Canada is a myth, study reveals Kathryn Blaze Carlson | Nov 20, 2012 10:22 PM ET | Last Updated: Nov 21, 2012 3:52 AM As a 12-year-old boy, Charles Lammam earned his first paycheque delivering newspapers on Wednesday and Saturday mornings. As a teenager, he worked part-time in the food and hotel industries. He juggled a part-time position at a financial institution with his undergraduate degree at Simon Fraser University, and then worked as an intern at a think-tank while completing his graduate studies. Mr. Lammam parlayed that internship into a full-time position, eventually becoming an associate director at the Fraser Institute. As it happens, the latest achievement on his résumé — a study measuring income mobility in Canada — found his experience represents the norm: Over the span of a decade, 83% of Canada’s lowest income earners moved up the income ladder, according to a Fraser Institute report released Tuesday.

1 comment: said...

I love anecdotes. There once was a guy who was really poor and then one time he became really rich, so everyone who is really poor will become really rich because anecdotes are logic.