A trial to give people a fixed income regardless of wealth or employment status has begun in Finland, in what is the world’s first large-scale experiment of universal basic income.
From January 1, 2017, to 2019, 2,000 participants will be paid 560 euros ($587) each month in the hope that it can reduce poverty, cut government red tape and better match societal changes, like increased automation in the workplace .
“It’s highly interesting to see how it makes people behave. Or, as some critics claim, make them lazier with the knowledge of getting a basic income without doing anything,” Olli Kangas, […]
Full Post at www.newsweek.com