A group of some 40,000 universal basic income (UBI) supporters are launching a petition and a proposal to promote Canada’s economic recovery.
UBI Works is promoting the UBI for Economic Recovery, a national basic income plan to provide all Canadian adults with $500 non-taxable per month while establishing a guaranteed monthly minimum income of $2,000 for single adults and $3,000 for couples. The amount would decrease by $0.50 for every dollar of employment income and one dollar for every dollar of other family income.
Many low-wage and middle-class earners are now at risk of insolvency, and the COVID-19 pandemic and economic downturn has exposed the consequences of decades of stagnant wage growth, which has not kept pace with the rising cost of living say promoters. “In the face of another recession, Canadians wonder what their government will do differently, if at all” says UBI Works founder Floyd Marinescu.
Previous economic recoveries eliminated middle-class jobs, pushing more Canadians into low-income jobs and further concentrating wealth reads a release, “and the current recession will certainly intensify these trends as businesses step up investments in automation, which can already replace 40% of the tasks Canadians do on the job today.
It’s no wonder that a 2020 Angus Reid poll found 59 percent of Canadians support establishing a basic income and parliamentarians from all parties have increasingly spoken out, saying their preference for such a program.”
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