FINLAND has become the first European country to give its unemployed citizens a guaranteed and unconditional monthly wage for doing nothing — even if they get a job.
A number of countries are toying with the idea of introducing the scheme known as Universal Basic Income (UBI).
It replaces the traditional means-tested welfare system with a no-strings-attached streamlined version which, in theory, would offer a base level of income to everyone.But while some have claimed the scheme is more efficient and could help reduce the amount governments spend on welfare, others have labelled it a dangerous idea and economically untenable.The […]
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