May 22: ‘Still a Band-Aid solution.’ Readers debate what a universal basic income could look like, plus other letters to the editor GlobeDebate
CERB And Other Coronavirus Benefits Won’t Last Forever. Or Will They? What A Universal Basic Income Could Look Like
Income is one of the primary social determinants of health, with higher incomes being linked to better health outcomes. A healthier population reduces the burden on health care systems. There is even direct evidence from Finland’s UBI experiment showing an increase in self-reported health among participants.
For a complete picture of the costs of a UBI program, accounting for all potential savings is essential.I believe a universal basic income is still a Band-Aid solution to two structural problems in our economy. Without fixing these problems, UBI would simply support paying too many people less than their work should be worth. No one can tell me that, collectively, we cannot afford it. Just divide the amount of earned income in Canada by the number of employees; there is huge headroom to pay those at the bottom of the income scale a decent wage without becoming communist.
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