11 Income Inequality - John Bulloch

11-01 Implications

If the incomes of low and medium income citizens decline, economies cannot grow. Sounds like Communism. During my twenty years as a member of the Executive Committee of the International Small Business Congress (ISBC), I became fixated on understanding income inequality. It was more than economics.We learned that as the relative income of middle and…

11-02 Understanding

Eliminating unskilled jobs creates income inequality. My grandfather did not really understand things like the unequal distribution of income in society. He used to say to me with great humour, “I did not get an edumacation.” He sold sandwiches and coffee on the CNR run from Toronto to Winnipeg. But he was enterprising and after…

11-03 Social

My father worked on a farm in 1928. He said everyone was poor, but no one felt poor. My father taught me a lot. And he loved to talk about his first year in Canada working on a farm outside Regina to pay for his passage from Ireland. He was 20- years of age and…

11-04 Political

Supporting globalism and reducing income inequality is an impossible political task. It was only a week after the September 11, 2001 US terrorism disaster called 9/11 that I attended the International Small Business Congress in Stockholm, Sweden. And a professor of economics got us into the issue of development and income inequality.The politics were of…