If a society hopes to manage welfare safety nets and economic policy intelligently then it’ll need clarity on who’s poor. Governments will often define poverty using some kind of poverty threshold representing the minimum costs of providing the basic needs for a given household type in a given location. Families earning less than that amount are considered “poor” and, therefore, entitled to financial support. In fact, until just a few years ago, things had been steadily improving on the poverty front. This chart represents the percentage of persons in low income households using Statistics Canada’s Low Income Measure. If you ignore the COVID weirdness, you can see things are now heading in the wrong direction ... CLICK HERE for the full story
A discussion on political, economic and social issues in British Columbia, and Canada