Income inequality in the HRM – New report

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” Income inequality and income polarization in Halifax increased. When we look at the HRM specifically, we see that both income inequality and polarization increased substantially during the 1990s. This was a period of economic downturn in the Atlantic region, and the HRM was not spared. Military bases closed, government jobs were lost, the federal government reduced federal transfer payments to the province, and the unemployment rate was high. Between 1980 and 2015, income inequality increased by 37%. Yet the most substantial increases occurred during the 1990s, with a 33% increase in income inequality from then until 2015. From 2010 onward, the increase has been 6%.”

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