Poverty is a relative number. The poorest in Canada would be considered well off in areas of other countries.You cant honestly believe that. There is no such thing as everyone having a living wage. If minimum wage was $100 an hour, inflation would ensure they still couldnt afford a place to live. The bottom few percent of population cannot afford to live or eat, a group above them can barely afford rent and eat, etc. The hourly rates dont matter, the system will adapt and the percentages struggling/getting rich will be roughly unchanged.
We have also been brain washed into deserving things. We don't deserve a house, we deserve the right to work for one. Part of affording a house is holding politicians accountable for their failures. Capital gains need to be addressed. Developers that surcharge projects out of the reach of the original buyers need to be hammered.
We have been to complacent for too long and the list of problems is now too hard to deal with. There's no free lunch. The government has no money. The money it spends is taxpayer dollars.
How bad is it? We re-elected someone who thinks budgets balance themselves.