Political Science 2211E Lecture Notes - Lecture 9: Gini Coefficient, Neoliberalism, Tax Bracket
14 Mar 2016
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Lecture 9 - recent market trends and income inequality. Canadian labour market becoming increasingly divided between those with standard and precarious jobs. Rates of unionizaion have also declined: males 47% in 1980, down to 25% in 2012, females from 37% to 28% Expected to decline further as baby-boomers reire new jobs being created are not as oten unionized: youth unemployment rate remains persistently high sill has not fully recovered since last recession. Much higher than rate for those 25-54 years of age. Median income has increased by 5. 5% in past 30 years however gap between average and median income is growing larger. Graph share of top percenile before tax decreased in the 40s for all anglo countries, but sharply increased and coninues o since the 1980s. Gini coeicient of 1 indicates maximum inequality i. e. a speciic person has all of the income, remaining populaion has none: gc of 0 means everyone has the same income.
