Economic havoc wreaked by the coronavirus has led some to ask whether it’s time for a basic income.
In Canada alone, more than a million people have lost their jobs since March, with millions applying for the Canada Emergency Response Benefit, which gives $2,000 every month for up to four months to those who’ve lost income due to COVID-19.
As the pandemic’s cost to society became clear last month, NDP Leader Jagmeet Singh called for “immediate direct help” in the form of a universal basic income.
Community Interviews with Moose FM
Today we are calling for immediate help for all Canadians:
1) IMMEDIATE DIRECT HELP: Sending $2,000 with an additional $250 per child directly to all Canadians (Universal Basic Income)
2) FIRING FREEZE: Giving employers more than 75% in a wage subsidy to keep people employed
— Jagmeet Singh (@theJagmeetSingh) March 23, 2020
Story continues below advertisement
Some countries are looking for longer-term solutions.
Spain, for instance, is now trying to figure out a way to introduce a potentially permanent universal basic income to combat the economic effects of the pandemic,