Asks:
100%! Although the campaign states that Kamloopsians only need $16.71/hour to survive here, I think the actual hourly wage to make ends meet in this city is higher. With living costs skyrocketing throughout the past few years, it is important that we ensure that families that are on the brink of poverty are kept out of that cycle. It is a slippery slope, so we as a community need to make sure that the most vulnerable contributors to our society are cared for.
As a finance major, I have mixed feelings about UBI and I would need to see how exactly the program would be implemented in Canada. My hesitancy lies in the fact that when you increase the supply of money (similar to low interest rates and incentives during the pandemic) that inflation rises rapidly. So although people at the lowest income levels will receive additional income - the potential increase in the cost of living due to a sharp uptick in inflation will possibly offset the benefit of the UBI program. Again, this would depend on how the program gets implemented and I hope that federal economists would forecast this event occurring.
