Dr. Rosana Salvaterra
Across Canada, and around the world, people from all sides of the political spectrum are starting to talk about the BIG idea of a basic income guarantee (BIG), also known as a guaranteed annual income.
The Ontario government has recently approved a three-year basic income pilot project and selected three cities — Hamilton/Brantford, Thunder Bay and Lindsay — as test sites. Federally, a motion in the Senate to encourage the government to investigate the cost and impact of a national basic income program has garnered cross-party support. Globally, Finland has launched a basic income pilot – and tech giants like Tesla’s Elon Musk have said a universal basic income will be necessary for everyone in the future.
So what is a basic income guarantee – and why all the fuss?