A poll finds more Canadians equate economic growth with increased income for the rich
Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland pose for a picture holding the 2024-25 budget, on Parliament Hill in Ottawa, on Apr.16.Just 5 per cent of Canadians expect that the next generation will be better off than we are today, according to a recent poll. However, the key to preventing such an outcome – more economic growth – is seen as a good thing by only one-third of Canadians.
Will more economic growth lead to a more equal Canada? Just 22 per cent of respondents believe so, whereas 40 per cent disagree. Does more economic growth mean more crowded schools, hospitals and emergency room? Sixty per cent think so; just 15 per cent disagree. Sixty per cent expect higher economic growth will cause higher housing and rent costs; just 13 per cent disagree.
For the past four decades, what they have often heard are antonyms for “prosperity,” and synonyms for “pain.” By the 1980s, however, those happy trends had unwound. The pie grew more slowly, and the middle-class slices grew less, or not at all. It was coupled with rising income and wealth at the top end. That been the story ever since.
That has mostly not worked as promised, and it has often made life more difficult for middle-class people. As a result, when a pollster asks, “Is economic growth a net positive for Canada?,” what many people actually hear is something like this:
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