Income inequality needs government response

January 16, 2017

For Immediate Release
January 16, 2017

HALIFAX – New research released by Oxfam International provides additional evidence of the growing gap between the super-rich and average Canadians. According to the report, the two richest billionaires in Canada have the same wealth as about 11 million Canadians.

“Our economy can’t work if regular people can’t afford housing and groceries – or find a full-time job,” said NDP Leader Gary Burrill. “Allowing a handful of people at the top to accumulate an extreme amount of wealth, while average people can’t make ends meet is a problem that governments should be addressing.”

Since last year, food bank usage is up 20 per cent in Nova Scotia and over 13,300 full-time jobs have been lost.

“Something has to change because people need to live,” said Burrill. “Our plan to address income inequality starts with increasing the minimum wage to $15 an hour to help people make ends meet and increasing supports for families so that everyone can get their food at a grocery store, not a foodbank.”

The research by Oxfam International shows income and wealth inequality is a global phenomenon, with just eight people having the same amount of wealth as 50 per cent of the world’s population.

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For more information, please contact Kaley Kennedy at 902-229-6881 or kaley.kennedy@novascotia.ca.