Should Canadians stop worrying about income inequality?
Income inequality. It's a phrase we hear often enough, but what does it mean? And does it matter?
That's the topic of a debate in Ottawa next week, hosted by the Macdonald Laurier Institute. Since not everyone can get to Ottawa, we'll give you a preview on this week's show.
The question: Should Canadians stop worrying about income inequality?
The debaters: Liberal MP and author Chrystia Freeland, and professor and author Frank Buckley.
In short, Buckley says: "Don't worry, be happy." He says Canadians have great income mobility-- meaning we can move up the income scale-- and that's much more important than fretting about income inequality. He also says there's not much we can do to shrink the income gap.
Freeland disagrees. She says income mobility is good in Canada strictly because it's something we worry about, and work to encourage. She says the income gap is growing, and will continue to do so if it doesn't get the same attention.
Listen to the whole debate to find out which mechanisms Buckley and Freeland think work, and don't work, when it comes to income inequality.