OK, now I'm pretty sure it's individual income that the CB is referring to.
Another point: It gives the 1976 income ($51,000) as having been adjusted for
inflation. Using the Bank of Canada Inflation Calculator, had it not been
adjusted, i.e. left in 1976 terms, the value would have been shown as
$13,739.32. Just kind of shows you what inflation has done to our money.
Ed
----- Original Message -----
From: Ed Weick
To: RE-DESIGNING WORK, INCOME DISTRIBUTION,EDUCATION
Sent: Wednesday, July 13, 2011 3:26 PM
Subject: Re: [Futurework] Conference Board on income disparity
From what I've been able to access, it looks like it's individual income.
Ed
----- Original Message -----
From: Ed Weick
To: [email protected] ; RE-DESIGNING WORK, INCOME
DISTRIBUTION,EDUCATION
Sent: Wednesday, July 13, 2011 2:45 PM
Subject: Re: [Futurework] Conference Board on income disparity
I also wondered about the individual versus family thing. I may try to
access the report.
Ed
----- Original Message -----
From: "Mike Spencer" <[email protected]>
To: <[email protected]>
Sent: Wednesday, July 13, 2011 2:25 PM
Subject: [Futurework] Re: Conference Board on income disparity
>
>
>> The average Canadian is better off than he or she was a generation
>> ago. In 1976, average income was $51,100; by 2009 it was $59,700-an
>> increase of 17 per cent over 33 years, after adjusting for
>> inflation.
>
> Is that family income or individual salary/wage income? If the
> former, any increase in the average may be due to an increase in
> number of dual-income families. Not a big win. IIRC, dual-income was
> not the typical or default case in 1976.
>
>> But average income does not necessarily reflect how the majority of
>> people are doing; ...
>
> Just so.
>
>> ...instead, some analysts suggest using median
>> income-the income level that divides the group into two equal
>> parts. Median income grew by only 5.5 per cent over the same period.
>
> Same question: family or individual? And it's still tricky. Median
> ticks upward if below-median people get raises to above-median or new
> above-median jobs are created. Not, though, if the few at the top
> just get their already big incomes tripled.
>
> But what do I know?
> - Mike
>
> --
> Michael Spencer Nova Scotia, Canada .~.
> /V\
> [email protected] /( )\
> http://home.tallships.ca/mspencer/ ^^-^^
> _______________________________________________
> Futurework mailing list
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> https://lists.uwaterloo.ca/mailman/listinfo/futurework
>
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