Due to the economic fallout of COVID-19 a city in South Korea decided to create its own kind of universal basic income. Instead of just getting cash, the payouts are done on a special credit card that only works with local owned businesses, meaning you have to spend locally and help your local businesses survive the economic downturn. In the video above you can see how successful this program has been and that one federal politician is hoping to make the program national.
To stimulate its pandemic-hit economy, a province in South Korea has been experimenting with universal basic income programs by regularly giving out cash, no questions asked. Now, some politicians want to go national with the concept.
The graph above shows that the introduction of low income housing into a neighbourhood does not negatively impact the value of other homes. Real estate agents perpetuate a myth that social (or public) housing destroys local housing prices. Clearly this myth is based on no reality.
If you’re a homeowner that dislikes people who earn less than you please stop fighting efforts to house others. Hopefully the linked research provides more evidence for people working to bring affordable housing to cities around the world.
In the nation’s 20 least affordable markets, our analysis of 3,083 low-income housing projects from 1996 to 2006 found no significant effect on home values located near a low-income housing project, with a few exceptions
There is no statistically significant difference in price per square foot when comparing properties near a low-income housing project and those farther away when examining projects across all 20 metros. Likewise, at the metro level, the majority of markets yield no significant difference in prices between the inner and outer ring after a project is completed. However, a few housing markets revealed significant differences in price per square foot near low-income housing projects after they were placed into service.
Gender stereotypes and expectations aren’t good for anybody, and there’s more and more evidence that men who worry about having to be the primary income earners hurts their health. The old way of thinking that a man had to earn more than his partner in a heterosexual relationship no longer makes sense. Thanks to the efforts of countless individuals there are fewer obstacles for women to make as much, if not more, than their male counterparts.
She attributes that to gender performances that cloud our judgment. Men are taught to see breadwinning as an obligation; women to see it more as an opportunity. Women are less likely to dwell on what other people will think of them if they aren’t the primary source of income, while men feel the need to take on higher-paying positions, even when the role might just be an anxiety-inducing, taxing, stressful experience.
Of course, generalizations like that reinforce the gender binary at the root of this, but in service of understanding the flaws in that conceptualization.
“I would encourage men to feel more free to ask, ‘Do I really need to do this? Do we need this extra money?’” she said. “I think women are more likely to ask themselves that.”
Basic income is the idea that people will have enough money to live (food and shelter) regardless of their employment status. Manitoba tried this decades ago and it worked, but was cancelled for political reasons. A basic income is needed now more than ever since robots are going to take all the jobs. Plus, inequality is growing at an alarming rate and we need policies that help stymie this growing disparity in wealth.
Let’s hope this trial run in Ontario is another success!
The general concept is that the government would ensure that all citizens have enough income to cover basic needs. One option for such a program is for the government to set a basic amount, such as $18,000 a year, and people whose income is less could receive payments to bring them up to that level.
“We will be testing the potential of a basic income to determine if it will provide more consistent support to clients, streamline the delivery of income support, and achieve savings in other areas, such as health and housing supports,” Ms. Jaczek said.