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Social Inequality In Canada

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Inequality can rise in a society in which a small group is perceived to be benefiting unfairly or there are gaps between classes, that leads to anti-social behaviour and distress. This later can result into increase in crime, protest and social tension. The scenario described seems similar to “Piketty’s view of the future is dystopian” (Atkinson 2015, 4). The government leaders need to focus their attention on dealing with inequality. The Canadian government faces an increasing inequality due to wider gaps in income, which is resulted from globalization and technological advancement. The paper will discuss the current situation of Canada’s inequality, and the Canadian government’s plan to reduce inequality. Moreover, it will examine lessons …show more content…

According to Atkinson, firms advancing in technology neglect interest of the stakeholders and reduces labour. The technological advance should not rely on market power, rather the government should be involved (Atkinson 2015, 8). Trudeau’s plan to invest in clean technology creates a green economy that will reduce carbon emissions. A new release from the Government of Canada is that Trudeau funds $40 million in creating green jobs, help business advance clean technology and reduce greenhouse gas emissions. This will lead to structural changes in the medium run and short run, because the economy will adapt to clean technology and it will open a pool of employment, thus reduces inequality. To cope up with advanced technology, the economy requires an active and interventionist government. The government can use industrial policies to support the growth of structural changes with the development of technological capabilities, along with adoption of regularity learning in production. That can be achieved by investing in social capabilities and regulations to entice behavioural changes in consumption and production. (Paus 2013, 18). Therefore, the government invests in green technology with regulations to control the advancement and invest in the public. For the public to cope up with the demand for skilled labour, the government can invest in training programs to help the unskilled labour to adjust. For instance, technology can help digitalize health care services to provide faster services and have cheap online courses for educational purposes. It is important for the government to be involved and controlling the effects of technological

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