Universal Basic Income Is the Path to an Entirely New Economic System – VICE

Universal Basic Income Is the Path to an Entirely New Economic System – VICE

Sooner rather than later, a robot is going to be able to do part or all of what you do for a living. In response to this and other pressures, the Canadian province of Ontario is gearing up to launch a basic income trial this summer. For a limited period of time, and in three regions across the province, the government will be giving people a living wage, for free and with no strings attached, and seeing how the hell it goes, eh?

It’s not the first time that Canadians have flirted with the idea. In the 1970s, the Manitoba government experimented with a basic income in the town of Dauphin. As a result, poverty was virtually eradicated and high school completion rates went up.

Across the country, 42 percent of the workforce is at high risk of being automated out of a job, according to a recent report from the Brookfield Institute, a Toronto think tank. The time seems is ripe for a fresh debate about basic income, and Canada’s 150th anniversary isn’t just a time to reflect on the country’s past—it’s an opportunity to look towards the future.

via Universal Basic Income Is the Path to an Entirely New Economic System – VICE