Finland has recently started an unprecedented social experiment that will be watched around the world amid gathering interest in the idea of a universal basic income.
It has become the first country in Europe to start paying an unconditional monthly sum to its unemployed citizens. During the next two years, 2,000 unemployed Finns, aged 25 to 58, will receive a guaranteed sum of 560 euros. The money will replace the social benefits they have been receiving so far and will be paid even if they find work.
Kela, Finland’s social security authority, says that the project is aimed at reducing poverty […]
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