100 Canadian CEO's urge the Ford government not to cancel the Ontario Basic Income Trial.
 

CANADIAN CEOs SAY: SAVE THE
ONTARIO BASIC INCOME PILOT

 
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100+ CANADIAN CEOs AND BUSINESS OWNERS REPRESENTING OVER $2.3B IN COMBINED ANNUAL REVENUES WANT THE ONTARIO BASIC INCOME EXPERIMENT TO CONTINUE

 

 

Two minute highlights of CEOs statements

 
 

The Letter

October 18, 2018

To: Premier Doug Ford and Minister Lisa MacLeod,

As Canadian business leaders, we urge the Ontario government to continue the Ontario basic income pilot. We see a guaranteed basic income as a business-friendly approach to address the increasing financial precarity of our citizens and revitalize the economy.

It is urgent that we let this pilot run because we see basic income as part of a solution that could help Canadians stay competitive in the face of:

  1. Accelerating technological job displacement due to advances in automation, software, and AI1
  2. Globalization of jobs which has gone beyond manufacturing and textiles to entry and mid-level information work2
  3. The ongoing transition of work to part time, contract, and gig-work3
  4. Winner takes all markets where companies such as Amazon are absorbing greater shares of economic activity4

These global trends are causing structural changes to the economy that are depressing wages,5 reducing the number of middle class jobs available to Canadians, and affecting a decline in entrepreneurship.6

 

In the News

 

Grow the economy

Not only could basic income address poverty, precarious employment and job loss due to automation and globalization, it could level the playing field for women. Read >>

Business Support is Strong

Those in the business community who understand the issues are almost overwhelmingly in favour of the basic income. Read >>

Deregulation of poverty

CEO of Pythian Vallée talks about how universal basic income reverses the trend of shifting power to capital, and deregulates people so that we can unleash entrepreneurship. Listen >>

Structural changes in the economy affecting you

If the economy fails to grow because people are stuck in precarious or low-income jobs, "we're all kind of in trouble," says Floyd Marinescu. Read >>

Income for bottom 50% is declining

Over the last 20 years, real earnings for the bottom 50 percent of Canadians has actually declined. Share of national income has also declined by almost 30%.

Listen at time index 89:13 >>

 
 
 
 
 
A basic income is a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement.
— Basic Income Earth Network

Background Reading

 “In an era of rentier capitalism… [a basic income] would provide an anchor for a fairer income-distribution system”

“In an era of rentier capitalism… [a basic income] would provide an anchor for a fairer income-distribution system”

Why WE should adopt a basic income

UBI improves lives, enhances freedom and is a matter of social justice, writes Guy Standing. Contrary to conventional wisdom, the case for BI does not rest on the assumption that robots and artificial intelligence will cause mass unemployment or that it would be a more efficient way of relieving poverty than present welfare systems (although it would).

“People with basic security tend to be more altruistic and empathetic, solidaristic and engaged in the community”

 The Basic Income Podcast: Business and the Economy - August 17, 2018

The Basic Income Podcast: Business and the Economy - August 17, 2018

Business, the Modern Economy, and Basic Income, feat. Floyd Marinescu

How has the economy changed over the last generation, and what do we have to contend with that previous eras did not? Podcast host Jim Pugh and Floyd Marinescu, CEO of C4Media and co-author of the 100 Canadian CEO’s Letter on this site, discuss these issues and more on this episode, which focuses on basic income from the business perspective. The podcast is a walk-thru of many of the points in the CEO's letter to Doug Ford. Get the Podcast:  source, itunes, player.fm

  Leanna and Luis Segura, owners of Fresh FueLL, fresh food business bloom in Lindsay, Ont, featured in Huffintgon Post August 2018 "  How Basic Income Could Create A Whole New Class Of Entrepreneurs "

Leanna and Luis Segura, owners of Fresh FueLL, fresh food business bloom in Lindsay, Ont, featured in Huffintgon Post August 2018 "How Basic Income Could Create A Whole New Class Of Entrepreneurs"

How Basic Income Could Create A Whole New Class Of Entrepreneurs

The evidence is mounting that unconditional cash payments could unleash a new wave of business innovation.

“Once the basic income came to Lindsay, we noticed that our customers were spending more money, and we have more people coming in day in and day out ”