At the beginning of December, Prime Minister Justin Trudeau said that he could see no path forward for a guaranteed basic income right now. For the sake of Canadians everywhere, he should spend some more time looking.
Many working Canadians are struggling in the current labour market. Globalization, rapid technological change and the gig economy have changed the nature of the labour market.
People no longer spend the majority of their career working for one company; many jobs limit the number of hours an employee can work to avoid providing them with benefits; and jobs in the gig economy (for example, Uber drivers, food delivery drivers, renting out your home via Airbnb, and selling services or products through the internet) carry no benefits at all.Read more
The debate over a basic income has come up most recently due to the economic impacts of the pandemic, leaving many wondering if the idea of establishing a basic income in Canada could be the answer to some widespread problems.
Basic income is defined as a minimum amount of money an individual can live on, and the idea of implementing it in Canada has been in the works for a long time.Read more
A Canada-wide basic income could increase the size of the economy by tens of billions of dollars a year and create hundreds of thousands of new jobs, a new research paper says.
In a report issued Wednesday, the Canadian Centre for Economic Analysis (CANCEA) looked at two potential models of a basic income, and found that both of them would raise about 2.3 million families above the federal poverty line.
Both models studied would result in larger economies and more jobs in the long run, though how much larger, and how many more jobs, depends on how generous the program is, and whether or not it’s funded by debt spending, the study found.Read more
A universal basic income would not only lift more than 3.2 million Canadians out of poverty, it would also create hundreds of thousands of new jobs, grow the economy by tens of billions of dollars and eventually pay for itself with increased tax revenues.
That’s according to a new report by the Canadian Centre for Economic Analysis (CANCEA), which was commissioned by basic income advocacy group UBI Works to look at the potential economic impacts of Canada implementing two different kinds of basic income programs.
“I think the biggest message coming out of this (report) is that a basic income program can be designed in a sustainable way,” said Paul Smetanin, CANCEA president and one of the report’s authors. “It can be thought of as an investment as opposed to a cost.”Read more
One of the pillars of the federal government’s coronavirus response — the Canadian Emergency Response Benefit, or CERB — is leading to calls for a permanent basic income support program in Canada.
Jessie Golem, a Hamilton, Ont., resident, is among those championing such an initiative. Golem was part of a pilot project in Ontario three years ago that provided income support to 4,000 low-income earners in several communities across the province. The pilot was only in place for a little over a year before it was abruptly cancelled by the government of Premier Doug Ford.Read more
Job guarantees and free money: 'Utopian' ideas tested in Europe as pandemic gives governments a new role
Christine Jardine, a Scottish politician who represents Edinburgh in the UK parliament, was not a fan of universal basic income before the pandemic hit.
Universal basic income (UBI) has been proposed as a potential way of future-proofing for any society-wide event.
It is something that has operated in other countries, but has not yet been seen in the UK.
So could UBI be one solution to huge levels of economic uncertainty, as seen during the coronavirus lockdown?
What is UBI?
Universal basic income is a flat rate payment that is paid on a regular basis to every individual in society, regardless of their employment status.
What if people no longer had to worry about their income? Marwa Fatafta has often asked herself that question. "So much anxiety and stress would simply vanish," said Fatafta, who came to Germany as a Palestinian migrant and made a life for herself in Berlin.
"To me, it was clear quite early on that freedom also means being financially independent," Fatafta told DW. At first, she had hoped to live from her art, but when she realized it would not give her a regular income she gave up that dream. Today, Fatafta works for Access Now, an organization that promotes digital personal rights.
Fatafta is one of about 2 million people in Germany who has applied to the Basic Income Pilot Project. Starting next spring, 122 of the applicants will receive €1,200 ($1,422) per month for three years. No strings attached.Read more
The Canadian Chamber of Commerce is calling on the federal government to create its own basic income pilot project to replace the one that was prematurely cancelled by Doug Ford’s provincial government in 2018.
The national chamber adopted the resolution, which was put forward by the Hamilton and Thunder Bay Chambers of Commerce, at its annual general meeting this week.
It calls on the federal government to create a basic income pilot project and “assess the potential costs, benefits, pitfalls, challenges and outcomes of a nationwide basic income social assistance program.”Read more
Canada’s K-shaped recovery is deepening the lines between rich and poor. Here’s how we can shift our economy toward a fair outcome for all
As a famous group of puppets on Sesame Street would say, “Today’s letter of the day is ‘K.’ ”
But what if a “k” is not what we want?
This is the situation the Canadian economy finds itself in: current economic data shows that the pre-pandemic well-off are benefiting while the pre-pandemic marginalized are suffering considerably.
For example, white-collar workers are benefiting from work-from-home’s favourable commute times, low interest rates to upsize their living space, and soaring financial assets in their portfolios.Read more