June 6, 2012

A picture of crisis in numbers



Is the Quebec Student Strike is leading to a new discussion and sense of solidarity among
young people across the country, objectively based on class-lines?


Richest 1 per cent increased their share of total income from 8.1 per cent in 1980 to 13.3 in 2007
Richest 0.1 per cent doubled their share from 2 per cent to 5.3
The 100 best-paid CEOs made an average of $6.6 million, 155 times the average wage of $42,988
Tax rate for richest dropped from 43 per cent in 1981 to 29 per cent in 2010
Cost of corporate tax cuts: more than $10 billion yearly

Richest 10 per cent made 24 per cent more in 2006 than the richest in 1976
Middle earners: 6.4 per cent more
Poorest: 10 per cent less

Average tuition in Quebec: $2,500
Average in rest of Canada: $5,000
Average in Ontario: $6,307
Tuition as a percentage of total university and college revenue has doubled, from 10 per cent to 21
Quebec's tuition hike: $325 a year for the next five years (amended to seven years), totalling a $1,625 increase



Average student debt in Quebec: $13,000
Average student debt in the rest of Canada: $26,000
Percentage of Canadian youth in post-secondary education: 74
Percentage of Quebec youth in post-secondary education: 83
Cost of free education in Quebec: less than 1 per cent of the government's budget
For every $1,000 fee hike: proportion of poor students drops by 19 per cent

Total student debt in Canada, including private loans: $20 billion
Youth unemployment: 14 to 20 per cent
Percentage of students defaulting on government loans: 14
Percentage of Canadians 20 to 24 living with parents: 73
Percentage 25 to 29 living with parents: 33 per cent

Cost of F-35 fighter jets over 20 years: $25 billion
Cost of wiping out Canada's student debt: $20 billion

Sources: Statistics Canada, Institute de Recherche d'Informations Socio-Economiques, Canadian Federation of Students, Canadian Association of University Teachers, Canadian Centre for Policy Alternatives, Conference Board of Canada, Escalator To The Bottom This article was first published in NOW Magazine.

No comments:

Post a Comment

Popular stories