Rising GDP Lifts Only the Boats of the Wealthy Few
Since the early 1980s, Canada’s economy has expanded significantly, with GDP per capita rising by 70% in real terms. But while the wealthiest Canadians’ incomes have increased fivefold, those of the bottom half have risen just 1.5 times.

Pedestrians walk past homeless people in Toronto, Canada, on June 15, 2023. (Andrew Francis Wallace / Toronto Star via Getty Images)
We hear a lot about economic growth — especially GDP growth — but less about who benefits most from it and who gets left behind. Neoliberal policies disproportionately serve the wealthy, sometimes exponentially so. This is no accident; it’s the result of deliberate political choices, made at the behest of those who profit most. But it doesn’t have to be this way.
To examine who benefits under the current economic order — and how policies could be reshaped to serve the many — Jacobin’s David Moscrop talked with Silas Xuereb, a researcher and policy analyst with Canadians for Tax Fairness and author of the report “Canada’s affordability divide: How the 1%’s rise left millions behind.”
Trickle-Up Economics 101
David Moscrop
Who reaps the lion’s share of economic growth in Canada?
Silas Xuereb