- Income gap grows between young and old: Report, By Dana Flavelle, September 23, 2014, Toronto Star: “Canada’s income gap is growing — not just between rich and poor, but between young and old, a report by the Conference Board of Canada has found. Older Canadians now earn 64 per cent more after tax than younger workers. That’s up from a 47 per cent gap nearly three decades ago, the study released Tuesday found. The report, called The Bucks Stop Here: Trends in Income Inequality between Generations, confirms what author David Stewart-Patterson says he suspected…”
- Age, not gender, is the new income divide in Canada, study finds, By Lee-Anne Goodman, September 23, 2014, Financial Post: “Age, not gender, is increasingly at the heart of income inequality in Canada, says a new study that warns economic growth and social stability will be at risk if companies don’t start paying better wages. The Conference Board of Canada findings suggest younger workers in Canada are making less money relative to their elders regardless of whether they’re male or female, individuals or couples, and both before and after tax…”
Tag: Young workers
American Youth Not Employed or in School
New report finds 6M American youth neither working nor in school, Associated Press, October 21, 2013, Newsday: “Almost 6 million young people are neither in school nor working, according to a study released Monday. That’s almost 15 percent of those aged 16 to 24 who have neither desk nor job, according to The Opportunity Nation coalition, which wrote the report. Other studies have shown that idle young adults are missing out on a window to build skills they will need later in life or use the knowledge they acquired in college. Without those experiences, they are less likely to command higher salaries and more likely to be an economic drain on their communities…”
Youth Unemployment
Generation jobless, April 27, 2013, The Economist: “Helder Pereira is a young man with no work and few prospects: a 21-year-old who failed to graduate from high school and lost his job on a building site four months ago. With his savings about to run out, he has come to his local employment centre in the Paris suburb of Sevran to sign on for benefits and to get help finding something to do. He’ll get the cash. Work is another matter. Youth unemployment in Sevran is over 40%. A continent away in Athlone, a gritty Cape Town suburb, Nokhona, a young South African mother of two, lacks a ‘matric’ or high-school qualification, and has been out of work since October 2010, when her contract as a cleaner in a coffee shop expired. She hopes for a job as a maid, and has sought help from DreamWorker, a charity that tries to place young jobseekers in work. A counsellor helps Nokhona brush up her interview skills. But the jobless rate among young black South Africans is probably around 55%. Official figures assembled by the International Labour Organisation say that 75m young people are unemployed, or 6% of all 15- to 24-year-olds. But going by youth inactivity, which includes all those who are neither in work nor education, things look even worse…”