I will give you an example of the opposite of that statement where the economy improves, but then lives of certain groups are not improved.
There was a study by the United Way of greater Toronto. It looked at the poverty rates in Toronto between 1981 to 2000, so you see the trajectory of the economy changing over time, improving over time. Poverty rates among non-racialized, for example, white communities in Toronto, actually dropped by 28% over that time period. For racialized groups, people of colour, the poverty rate increased by 361% over the same time period.
If you look at other studies, they say the same thing. When the economy was booming, the wage gap between the racialized communities and the non-racialized communities did not close. In fact, they expanded, which is what led to what we have been calling the racialization of poverty in Canada, meaning that if you're a person of colour, if you're indigenous, you are two to six times more likely to live below the poverty line compared to a non-racialized person. Because most of us derive our income largely from employment, the jobs that we are in, poverty is very much linked to the issue of economic development.