A rural Canadian town gave its residents a type of universal basic income for three years.
The study can still teach us lessons about the benefits of universal basic income, an expert says.
AdvertisementAdvertisementFor four years in the late 1970s, Canada's Manitoba province ran a program called the Manitoba Basic Annual Income Experiment, or MINCOME.
It was a guaranteed annual income program, which typically channels funds to people based on their income.
Families with no income from other sources received payments that put them at 60% of the annual income, considered the cut-off for being low-income.
Persons:
—, MINCOME, Evelyn Forget, she's, Forget, UBI
Organizations:
Service, Toronto Star, CTV News, CTV
Locations:
Manitoba, Dauphin , Manitoba, Canadian, Dauphin, MINCOME, Canada, Unemployment