Description: A new report from the Organization for Economic Co-operation and Development (OECD) concludes the middle class is shrinking. Even worse for Canada, our middle class seems to be faring a bit worse than those in other nations studied. As noted by OECD’s chief of staff, Gabriela Ramos, “The middle class is at the core of a cohesive, thriving society. We need to address their concerns regarding living costs, fairness and uncertainty.”
Date: April 11, 2019
1)Were you aware of the declining middle class phenomenon noted in this story? As you look ahead to your graduation, does this story impact how you plan for the future?
2) What can our political and business leaders do to address the issue? Can the accounting profession play a role in accomplishing important changes here?
3) One of the things we read about in the article is the impact of education costs. In Wiley’s Financial Accounting: Tools for Business Decision-Making we see a reference to the University of Calgary Students’ Union. What type of action can our various student unions take to address these important education costs matters?