Canada can end poverty and shrink inequality by adding an annual basic income of $22K, new report says
Canada can afford to eliminate poverty, support the middle class and dramatically shrink the gap between the rich and poor by introducing an annual basic income of $22,000, according to a new report.
The unconditional stipend for adults over 18 would come with an annual price tag of between $134 billion and $637 billion, depending on three options explored by the Basic Income Canada Network in a report being released Thursday.Read more
A recent survey by Gallup and Northeastern University finds a slight majority of Americans opposed to a universal basic income (UBI) program as a way to support workers displaced by AI adoption. Conversely, about three-fourths of residents in the U.K. and Canada favor the idea.
These findings come from a Gallup/Northeastern survey of over 10,000 adults in Canada, the U.K. and the U.S. conducted from April to June 2019. By some estimates, up to 50% of jobs are expected to be automated within the next decade. An OECD study across 21 countries suggests that while only 9% of jobs are currently at high risk of automation, low-skilled workers are most vulnerable to job displacement.Read more
Good Men Project
In Canadian policy circles, Basic Income has come to mean a stipend paid to families or individuals without the many conditions and rules that govern existing income assistance programs. The amount received is gradually reduced as income from other sources increases.
However, Basic Income is not just about welfare reform. A Basic Income is most valuable to people in the middle class and those hoping to join them. Here’s why a Canadian Basic Income is inevitable.Read more
Earlier this month, a cross-party MP ‘commons’ committee released an internal report urging the present liberal government to take a serious look into “new types of income support “that do not depend upon someone having a job””.
The nature of work is changing, everywhere in the world. However, existent social security safety nets have been designed and implemented decades ago, when stable, full-time employment was the norm.Read more
A cross-party committee of MPs says it's time for the government to take a deeper look at a guaranteed minimum income to help workers caught in the tectonic shifts of the "gig economy."
The MPs' report on declines in traditional, full-time employment in favour of short-term contract work says the government needs to explore new types of income supports "that do not depend upon someone having a job."Read more
Globe and Mail
Last year, Ontario started distributing cash to thousands of lower-income adults, no strings attached. The recipients did not need to meet any conditions, save for not earning much and having lived in one of five target areas, including Hamilton, Brantford and Thunder Bay, for more than a year. They were free to use the money the government was sending them however they saw fit, whether spending it on groceries and other necessities, saving it for retirement or a degree, or frittering it away. “Our goal is clear,” said Kathleen Wynne, Ontario’s then-premier, kicking offthe effort. “We want to find out whether a basic income makes a positive difference in people’s lives.”Read more