85,000,000,000 Hours of work. That is just 5 years worth of hours for 10 million Canadians. It’s actually very much more, that number is very conservative, using just the example of 10 million Canadians saving 5 years worth of labour or time, if they all earned $30 an hour and only worked 24 years in their life.

Why did I use the 1.2 million dollar range, well that’s your wonderful $2,000 a month thinking. Or just remotely close to what CERB long term thinkers think.

So how many years can you actually save?

At Minimum Wage of $15 per hour, it would take 47 years to earn $1,198,500…

It would take 20 years less with GLBI. That’s without a single pay raise at all.

At a wage of $20 per hour,, it would take 36 years to earn $1,224,000…

It would take 13 years less with GLBI. That’s without a single pay raise at all.

At a wage of $25 per hour, it would take 29 years to earn $1,232,500…

It would take 8^{1/2}years less with GLBI. That’s without a single pay raise at all.

At a wage of $30 per hour, it would take 24 years to earn $1,224,000…

It would take 5 years less with GLBI. That’s without a single pay raise at all.

It takes an MP 7 years or less to make ~$1,305,500…

It would take a person on ODSP 93 years.

54 years less with GLBI and without a job.

These numbers above for the working hours, we used 1700 over a year or 34 hours a week, 50 weeks a year.”

We calculated this using the 15% means testing scenario. For more information on our calculations visit forthefuture.ca/2022rates

I think it’s time to have a greater conversation about GLBI… Do you?