VIMHS
VIMHS
Basic income in Canada: addressing costs and common concerns
Basic income in Canada: addressing costs and common concerns
Basic income in Canada: addressing costs and common concerns
Thursday 26th May 2022
Jiaying Zhao explores how basic income could transform Canada's approach to poverty and welfare in this insightful People First Radio episode.
17 minutes
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Get the buttons here!Basic Income in Canada: A New Approach to Poverty Reduction
I think poverty rate has been dropping slightly, although the pandemic didn't help. Oh, I think we have to consider the benefits of basic income and do a careful cost benefit analysis of that. You know, it provides health benefits, it gives people peace of mind.
Ever thought about how a basic income could reshape Canada's approach to poverty? In this episode of People First Radio, Jiaying Zhao, an associate professor in psychology, dives into the nitty-gritty of what basic income could mean for Canadians. Zhao starts by breaking down a recent cost analysis by the parliamentary budget officer, showing that while the price tag might seem steep, basic income could streamline existing welfare programs and offer a more efficient safety net.
Zhao tackles common concerns head-on, like the fear that basic income might discourage people from working. She points to pilot projects in places like Alaska, which have shown no negative impact on employment rates. Instead, she highlights the potential upsides: better health outcomes, peace of mind, and stronger community ties. Throughout the episode, Zhao emphasizes the importance of a careful cost-benefit analysis and ongoing monitoring if Canada were to implement a basic income trial.
The conversation offers a thorough look at how basic income could simplify welfare programs and significantly reduce poverty. If you're curious about innovative solutions to social issues, this episode is a must-listen.