Profit Sharing: Bridging Canada's Growing Wealth Gap

Statistics Canada's report revealed that wealth disparity in Canada is growing rapidly, with the top 20% holding 68% of the nation's wealth. Meanwhile, 35% of Canadians can't cover their monthly expenses, a historical high. This widening gap threatens societal stability, potentially leading to crime, unrest, and a feeling of a rigged system. The founder of Magna International suggests profit-sharing as a solution, citing Magna's revenue increase when implementing such a system. Modern businesses should follow Henry Ford's approach of raising wages for overall economic benefit. More information: https://nationalpost.com/opinion/narrowing-the-gap-between-rich-and-poor