A minimum income plan is being drawn up by the Spanish government to tackle poverty and end the "hunger queues" that have become a frequent sight under coronavirus lockdown.
For 38-year-old Roberto Sotelo, from Madrid and his family, the economic impact of coronavirus is taking its toll. The construction worker was laid off three months ago, and the lockdown has so far stopped him from working.Read more
It's all about creating options for those without a source of income during the COVID-19 pandemic.
Kitchener city council has endorsed a motion, asking the Ontario government to pursue a partnership with their federal counterparts to establish a Universal Basic Income (UBI).
Ward 7 councillor Bil Ioannidis put the motion forward Monday, saying he wanted to get the conversation going, and wants a broader discussion on the topic.Read more
What a difference a year makes.
Last March, Ontario’s basic income pilot project was cancelled, leaving about 4,000 Hamilton, Thunder Bay and Lindsay residents scrambling to recoup a monthly financial stipend they said had transformed their lives.
Under the program, individuals would receive about $13,000 per year, while couples got about $19,000 regardless of employment status. Individuals receiving the financial help said knowing they would have a sustainable and secure source of money immediately bolstered their health, improved their self-esteem and allowed them to look for a job or establish a path to carve out a career.Read more
The next time the world is blindsided by a global emergency, the economy will better survive it if everyone is paid what they need to survive it -- before it hits, experts say.
And if employers don't cough up the cash, they say, governments should.
"It is now quite clear that virtually everybody in society has a profound interest in lower-income people having the purchasing power to buy food and pay their rent," said political scientist Ron Hikel.Read more
Many Canadians have lost jobs but have been saved from financial ruin during the COVID-19 pandemic.
Now, some are hoping the government keeps that type of social assistance around.Read more
The Castlegar Source
COVID-19 has obviously changed our lives in the short term, and now there is a growing consensus that the pandemic will also bring more long-lasting changes to our society—how we value workers, how we treat our seniors, how we house the homeless, how we protect the environment, and more.
One topic that is surfacing more and more often is the idea of a basic income. One of the first things we learned when the pandemic began was that Employment Insurance was completely inadequate to protect workers from lost income. Sixty percent of workers do not even qualify for EI.Read more
The Great Depression of the 1930s gave us the Bank of Canada, Employment Insurance (EI) and federal equalization payments. The Great Recession of 2008 produced a revolution in monetary policy and a legacy of concern about household debt.
Will the Great Lockdown of 2020 bequeath us guaranteed universal income? Among the many unprecedented aspects of the global coronavirus pandemic is the sudden appearance of a widely available handout from Ottawa. The Canada Emergency Response Benefit (CERB) provides $500 per week to anyone who’s out of work because of the virus, or the economic shutdown it precipitated.Read more