Further confirmation of the general observation: the rich get richer and everyone else better be happy with what they had in 1970. From today’s “The Daily” report at STATSCAN on their analysis of earnings, income and shelter costs of the 2006 Canadian census (see also the longitudinal study here using data back to 1981):
- Median earnings of Canadians employed on a full-time basis for a full year changed little during the past quarter century, edging up from $41,348 in 1980 to $41,401 in 2005 (in 2005 constant dollars).
- Between 1980 and 2005, median earnings among the top 20% of full-time full-year earners increased by 16.4%. In contrast, median earnings among those in the bottom one-fifth of the distribution fell 20.6%. Median earnings among those in the middle 20% stagnated, increasing by only 0.1%.
- In 1980, recent immigrant men who had some employment income earned 85 cents for each dollar received by Canadian-born men. By 2005, the ratio had dropped to 63 cents. The corresponding numbers for recent immigrant women were 85 cents and 56 cents, respectively.
- For economic families as a whole, employment earnings represented the lion’s share of income. Of every $100 of income received in 2005, employment earnings accounted for $78. Still, this was down from a quarter century earlier, when earnings accounted for almost $84.
Also see this post on the 100 highest paid Canadian CEOs.
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