The Economic Benefits Of Economic Welfare Essay - 2247 Words

Economic welfare is defined as the well-being or standard of living of an individual or individuals taking part in an economy (Business Dictionary, 2015). This can be measured through statistics such as individual income, health care expense, educational achievement and opportunity for economic growth. The better one fares among these categories, the more likely one is to have a higher standard of living and possess an inherent socio-economic advantage. Currently, the aboriginal population scores poorly across all of these standards. Despite government incentives, the average indigenous person is born into an economic disadvantage with little room for vertical movement, indicating a need for major social and legislative change. Among the aboriginal population in 2005, 18.7% of individuals living with family were below the poverty line. Unattached, or single, individuals were even more likely to fall into this low-income bracket at 42.8%. Conversely, these rates among the non-aboriginal population were 8.4% and 28.0% respectively (Collin Jensen, 2009). These numbers highlight the economic disparity Aboriginals face, the cause of which lies rooted in their historical mistreatment. To better understand the situation today and how it came to be, one must begin by looking at early Canadian policy involving Aboriginals. The first important document concerned with indigenous rights was the Royal Proclamation. Signed in 1763, it recognized the sovereignty of the aboriginalShow MoreRelatedThe Welfare State and Government Responses to Economic Openness1668 Words   |  7 PagesThe Welfare State and Government Responses to Economic Openness I. Introduction Economic openness is the phenomenon in which individual economies from all over the world become increasingly connected and interdependent through greater liberalization of trade and the vast movement of goods, services, and capital across borders. 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