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What to Do?
From: The Age of Increasing Inequality
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Policy proposals to address increasing inequality in Canada. A Carbon Fee and Dividend could both reduce cardon diozide emissions and lessen inequality. As robots increasingly make the robots which make the stuff we need, Canadians will need new mechanisms to distribute income — such as a Guaranteed Annual Participation Income. If wages and job quality are to improve over time, the Bank of Canada’s single-minded focus on inflation control needs to be matched by a renewed commitment to Full Employment. Higher tax rates at the top would make Canada’s income tax system fairer and generate substantial public revenue. Higher minimum wages would also reduce wage inequality. The author concludes that ever increasing inequality is not an unavoidable future — but change is needed if Canada is to remain an open, free and humane society.
Contributors
Lars Osberg
LARS OSBERG is McCulloch Professor of Economics at Dalhousie University with research interests in labour economics and income and wealth distribution. He received his PhD in Economics from Yale University and has published numerous articles in academic journals and seven books. He is past President of the Canadian Economics Association. He lives in Halifax, Nova Scotia.
