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Why do you think there is so much poverty or inequality in Canada.docx

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Social Science
SOSC 1510
David Langille

1Why do you think there is so much poverty or inequality in Canada and what would you recommend to reduce itThere is a growing inequality in wages and salaries Weak corporate governance system of rules practices and processes by which a company is directed and controlled and ineffective government regulation have allowed insiders to collect outsized rewards at the expense of both shareholders and ordinary workersGrowing pressure on corporations to deliver maximum shortterm profits has produced a more ruthless and shortsighted capitalism and rising profits have mainly benefited the most affluentCultural and social norms have changed so now huge pay gaps between CEOs and ordinary workers which would once have been considered unjustifiable in terms of extra responsibilities and effort have become the new normalUnions help raise wages for ordinary and lower skilled workers and reduce wage differences between workers and senior managers but good unionized jobs in the private sector have also been lostsharp recessions of the early 1980s and early 1990s followed by sluggish recoveries meant that unemployment was much higher and
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