New report shows #BasicIncome can speed up Canada's recovery & grow the economy sustainably:
💰$80B/yr in GDP
👩💼600K jobs
📈$15B/yr business investments to expand/hire
💵$32B/yr in total wages
💪3.2M families out of poverty
1. #BasicIncome can grow the economy and create jobs.
It could grow Canada’s economy $80B/year — like adding Saskatchewan's economy, or tourism+hospitality industries combined every year— and create 600,000 jobs in 5 years. #ubiworks
Money in Canadians’ hands will be spent in local economies, causing businesses to increase private capital investments up to $15B/year — more than 2x Canadian venture capital investments a year. #ubiworks
Economic activity from Basic Income would cause businesses to hire, spending more on total wages by up to $32B/year — and could increase disposable income $122B for the bottom 60% by income. #ubiworks
5. #BasicIncome could do all this ending poverty and growing the middle class.
Basic Income could grow the economy sustainably while lifting 3.2 million families out of poverty , including 129,000 lone-parent families (85% women-led). #ubiworks