spice756
5th October 2009, 02:08
I have been looking at wikipedia on this and trying to get idea.
I'm trying get idea of economy ,poverty, income ,low income, no job in both countries.
Canada is one of the world's wealthiest nations, with a high per capita income,
What does this mean? Does that mean people are rich or the country is rich?
and is a member of the Organisation for Economic Co-operation and Development (OECD) and the G8. It is one of the world's top ten trading nations.[136] Canada is a mixed market,[137] ranking lower than the U.S. but higher than most western European nations on the Heritage Foundation's index of economic freedom.[138]
And what does this mean how free the market is from goverment control?
Since the early 1990s, the Canadian economy has been growing rapidly, with low unemployment and large government surpluses on the federal level.
Than why the tax cuts and cuts to social programs in the 90's ?
Today, Canada resembles the U.S. in its market-oriented economic system, pattern of production, and high living standards.[7]
What is market-oriented economic ?
As of February 2009, Canada's national unemployment rate was 7.77%. Provincial unemployment rates vary from a low of 3.6% in Alberta to a high of 14.6% in Newfoundland and Labrador.[139] According to the Forbes Global 2000 list of the world's largest companies in 2008, Canada had 69 companies in the list, ranking 5th next to France.[140]
What about people living with mom or dad does and no job does that count has unemployment and poverty?
As of 2008, Canada’s total government debt burden is the lowest in the G8. The OECD projects that Canada's net debt-to-GDP ratio will decline to 19.5% in 2009, less than half of the projected average of 51.9% for all G8 countries. According to these projections, Canada's debt burden will have fallen over 50 percentage points from the peak in 1995, when it was the second highest in the G8.[141]
This does not say the GDP and wages are up and cut in tax and social programs . And people in Europe pay more tax but have more social programs.
In the past century, the growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. As with other first world nations, the Canadian economy is dominated by the service industry, which employs about three quarters of Canadians.[142] However, Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important.
Does not say the poverty or income.
According to the United States Census Bureau, the pretax median household income in 2007 was $50,233. The median ranged from $68,080 in Maryland to $36,338 in Mississippi.[58] Using purchasing power parity exchange rates, the overall median is similar to the most affluent cluster of developed nations.
After declining sharply during the middle of the 20th century, poverty rates have plateaued since the early 1970s, with 11–15% of Americans below the poverty line every year, and 58.5% spending at least one year in poverty between the ages of 25 and 75.[83][84] In 2007, 37.3 million Americans lived in poverty.[58]
What does United States Census define has poverty? I hear that United States Census manipulates the poverty ,low income and make it sound like it not so bad.
A 11 to 15% in poverty :( well most tell me it more close to 20 to 25 % but States Census manipulates the data.
Well pay check to pay check in small 1 story home or trailor park is not povert? What is poverty no food ,water or home? What about people that are not dirt poor but are still not middle class?
The U.S. welfare state is now among the most austere in the developed world, reducing both relative poverty and absolute poverty by considerably less than the mean for rich nations.[85][86] While the American welfare state does well in reducing poverty among the elderly,[87] the young receive relatively little assistance.[88] A 2007 UNICEF study of children's well-being in twenty-one industrialized nations ranked the United States next to last.[89]
You saying the US welfare state better than other countries?
Despite strong increases in productivity, low unemployment, and low inflation, income gains since 1980 have been slower than in previous decades, less widely shared, and accompanied by increased economic insecurity.
That does not say some places may have high unemployment not like Canada.
Between 1947 and 1979, real median income rose by over 80% for all classes, with the incomes of poor Americans rising faster than those of the rich.[90][91] Median household income has increased for all classes since 1980,[92] largely owing to more dual-earner households, the closing of the gender gap, and longer work hours, but growth has been slower and strongly tilted toward the very top (see graph).[85][90][93]
Than why is it most girls I know make less than what guys make?
Consequently, the share of income of the top 1%—21.8% of total reported income in 2005—has more than doubled since 1980,[94] leaving the United States with the greatest income inequality among developed nations.[85][95] The top 1% pays 27.6% of all federal taxes; the top 10% pays 54.7%.[96] Wealth, like income, is highly concentrated: The richest 10% of the adult population possesses 69.8% of the country's household wealth, the second-highest share among developed nations.[97] The top 1% possesses 33.4% of net wealth.[98]
Still does not really explain the poverty ,income and economy in the US and Canada ..
I'm trying get idea of economy ,poverty, income ,low income, no job in both countries.
Canada is one of the world's wealthiest nations, with a high per capita income,
What does this mean? Does that mean people are rich or the country is rich?
and is a member of the Organisation for Economic Co-operation and Development (OECD) and the G8. It is one of the world's top ten trading nations.[136] Canada is a mixed market,[137] ranking lower than the U.S. but higher than most western European nations on the Heritage Foundation's index of economic freedom.[138]
And what does this mean how free the market is from goverment control?
Since the early 1990s, the Canadian economy has been growing rapidly, with low unemployment and large government surpluses on the federal level.
Than why the tax cuts and cuts to social programs in the 90's ?
Today, Canada resembles the U.S. in its market-oriented economic system, pattern of production, and high living standards.[7]
What is market-oriented economic ?
As of February 2009, Canada's national unemployment rate was 7.77%. Provincial unemployment rates vary from a low of 3.6% in Alberta to a high of 14.6% in Newfoundland and Labrador.[139] According to the Forbes Global 2000 list of the world's largest companies in 2008, Canada had 69 companies in the list, ranking 5th next to France.[140]
What about people living with mom or dad does and no job does that count has unemployment and poverty?
As of 2008, Canada’s total government debt burden is the lowest in the G8. The OECD projects that Canada's net debt-to-GDP ratio will decline to 19.5% in 2009, less than half of the projected average of 51.9% for all G8 countries. According to these projections, Canada's debt burden will have fallen over 50 percentage points from the peak in 1995, when it was the second highest in the G8.[141]
This does not say the GDP and wages are up and cut in tax and social programs . And people in Europe pay more tax but have more social programs.
In the past century, the growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. As with other first world nations, the Canadian economy is dominated by the service industry, which employs about three quarters of Canadians.[142] However, Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important.
Does not say the poverty or income.
According to the United States Census Bureau, the pretax median household income in 2007 was $50,233. The median ranged from $68,080 in Maryland to $36,338 in Mississippi.[58] Using purchasing power parity exchange rates, the overall median is similar to the most affluent cluster of developed nations.
After declining sharply during the middle of the 20th century, poverty rates have plateaued since the early 1970s, with 11–15% of Americans below the poverty line every year, and 58.5% spending at least one year in poverty between the ages of 25 and 75.[83][84] In 2007, 37.3 million Americans lived in poverty.[58]
What does United States Census define has poverty? I hear that United States Census manipulates the poverty ,low income and make it sound like it not so bad.
A 11 to 15% in poverty :( well most tell me it more close to 20 to 25 % but States Census manipulates the data.
Well pay check to pay check in small 1 story home or trailor park is not povert? What is poverty no food ,water or home? What about people that are not dirt poor but are still not middle class?
The U.S. welfare state is now among the most austere in the developed world, reducing both relative poverty and absolute poverty by considerably less than the mean for rich nations.[85][86] While the American welfare state does well in reducing poverty among the elderly,[87] the young receive relatively little assistance.[88] A 2007 UNICEF study of children's well-being in twenty-one industrialized nations ranked the United States next to last.[89]
You saying the US welfare state better than other countries?
Despite strong increases in productivity, low unemployment, and low inflation, income gains since 1980 have been slower than in previous decades, less widely shared, and accompanied by increased economic insecurity.
That does not say some places may have high unemployment not like Canada.
Between 1947 and 1979, real median income rose by over 80% for all classes, with the incomes of poor Americans rising faster than those of the rich.[90][91] Median household income has increased for all classes since 1980,[92] largely owing to more dual-earner households, the closing of the gender gap, and longer work hours, but growth has been slower and strongly tilted toward the very top (see graph).[85][90][93]
Than why is it most girls I know make less than what guys make?
Consequently, the share of income of the top 1%—21.8% of total reported income in 2005—has more than doubled since 1980,[94] leaving the United States with the greatest income inequality among developed nations.[85][95] The top 1% pays 27.6% of all federal taxes; the top 10% pays 54.7%.[96] Wealth, like income, is highly concentrated: The richest 10% of the adult population possesses 69.8% of the country's household wealth, the second-highest share among developed nations.[97] The top 1% possesses 33.4% of net wealth.[98]
Still does not really explain the poverty ,income and economy in the US and Canada ..