Job Market Monitor
Guaranteed Income
A Universal Basic Income (UBI) for a post-work economy
Many are now calling for a “universal basic income” (UBI)—where the state gives everyone enough to live on. This would put a floor under the class of people we’re calling the “precariat,” people for whom work doesn’t lead to increased financial security. It would free us from the bullshit, allowing everyone to benefit from automation, … Continue reading
Ontario – An experiment with basic income buried away in Ontario’s 2016 budget
Buried away in Ontario’s 2016 budget documents are unspecific plans for the Canadian government to start giving a guaranteed, unconditional salary away to a few people just for being alive. “The pilot project will test a growing view at home and abroad that a basic income could build on the success of minimum wage policies and increases in … Continue reading
Guaranteed Minimum Income in Canada – Sharp increase in those favouring it
In a random sampling of public opinion taken by the Forum Poll™ among 1406 Canadian voters, more than a third favour the introduction of a guaranteed annual minimum income to replace other state supports like social assistance, unemployment and pensions (36%), a sharp increase from the last time we polled this question four years ago … Continue reading
A Basic income or Guaranteed Income for Canada – Would cost the treasury more than $500-billion a year
The Finnish example is typical of the fiscal folly. The Finns propose a monthly transfer of €800 ($1,200) a person, which sounds nice until you do the math and figure out this would require a doubling of existing taxes to fund the program. This transfer would barely replace what low-income Finns already get under their … Continue reading
Guaranteed Income in Finland – Paying 800 euros ($1,165) each month and scraping all other government benefits
Finland’s government is drawing up plans to pay every citizen a basic income of euros 800 ($1,165) each month, scrapping benefits altogether. Under proposals drafted by the Finnish Social Insurance Institution (Kela), the tax-free payments would replace all other benefit payments, and would be paid to all adults regardless of whether or not they receive … Continue reading
The Dutch ‘Basic Income’ Experiment
Free cash is in the works for a growing number of Dutch urbanites. After the city of Utrecht announced that it would give no-strings-attached money to some of its residents, other Dutch cities are getting on board for social experiments with “basic income,” a regular and unconditional stipend to cover living costs. Tilburg, a city … Continue reading
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