November 8, 2013
It’s been dubbed the Great Gatsby Curve.
Plot countries on a graph. Put income inequality on one axis, mobility between generations on the other.
A sobering picture emerges. The dream of achieving a better life than your parents is more elusive in countries where the gap between rich and poor is larger.
For now, Canada sits comfortably in the middle of the curve among developed countries. It’s more equal and traditionally more upwardly mobile than those at the extremes of the scale, including the United States, but it trails countries such as Denmark, Norway and Sweden.