What is a Guaranteed Annual Income? Would it work in Canada? The government is exploring this option.
A Guaranteed Annual Income (GAI) guarantees that all citizens have a basic minimum income provided that certain conditions are met.
The goal is to reduce poverty by ensuring that individuals and families have a sufficient income to live on.
During a recent presentation at the House of Commons, Evelyn Forget, a Health Economist at the University of Manitoba, spoke about the benefits of a guaranteed annual income (GAI) and how it could take the place of complicated social assistance programs.
Evelyn Forget indicated that a GAI in Canada should be in the neighbourhood of $18,000/year. Switzerland is currently exploring a similar model.
Read Employment E-News – March 2016 – Spring Into The Season
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