An economic analysis of the guaranteed wage and its application to the Canadian economy.

Over the past half century, certain outstanding events and developments, including a major economic depression, two world wars and technological innovations - automation in particular - have produced an ever-increasing awareness to the problem of economic insecurity, particularly in highly industrialized economies. The increasing accumulation of life insurance gives evidence to the deep seated desire and to the search for economic security. One of the major twentieth-century objectives of labour unions, especially since the thirties, has been the economic security of wage earners and, consequently, in most industrial economies of today, Old Age Pension, Health and Welfare, Unemployment Compensation, and several other fringe benefit programmes have become firmly established measures for ensuring a greater degree of economic security to the industrial worker