BREAKING: New PBO Report estimates a Guaranteed Basic Income can reduce poverty by 40% nationwide at a net cost of just $3.6B/year and 1% impact on hours worked. Poverty costs Canada $80B+/year. - ThreadSky

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ubiworks.bsky.social • 4 days ago

BREAKING: New PBO Report estimates a Guaranteed Basic Income can reduce poverty by 40% nationwide at a net cost of just $3.6B/year and 1% impact on hours worked.

Poverty costs Canada $80B+/year.

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ubiworks.bsky.social•4 days ago

Guaranteed livable basic income could cause poverty rates to plummet 40% across Canada under the MBM threshold.

ubiworks.bsky.social•4 days ago

A national GLBI under the economic family definition could have a gross cost of $57B/year and a net cost of just $3.6B/year.

ubiworks.bsky.social•4 days ago

The impact on hours worked is in the range of 1%. Previous basic income trials showed that many who work less go back to school or caregive.

This is in line with previous estimates by the PBO that a basic income would have near-0 impact on labour participation.

ubiworks.bsky.social•4 days ago

Read the full report:
https://www.pbo-dpb.ca/en/publications/RP-2425-029-S--distributional-analysis-national-guaranteed-basic-income-update--analyse-distributive-un-revenu-base-garanti-echelle-nationale-mise-jour

ubiworks.bsky.social•4 days ago

News Release by
@kpateonthehill.bsky.social

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