Another Canadian Province to Implement Universal Basic Income
Universal Basic Income (UBI) is a form of social security in which every citizen is afforded an unconditional sum of money, typically enough to provide themselves with basic needs. Proponents argue that it would eliminate poverty, increase economic growth, and reduce the bureaucracy of welfare systems. Critics claim UBI would decrease labor participation and cause major inflation.
Prince Edward Island lawmakers follow in the footsteps of Finland, the city of Utrecht in The Netherlands, and their fellow Canadian province of Ontario, in adopting a UBI pilot program.
Prince Edward Island is Canada’s smallest province, both by size and population. It also has Canada’s lowest per-capita GDP. Its three largest industries are agriculture, fishing, and tourism.
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