The world is watching as Finland’s basic income experiment proceeds. For another two years 2,000 unemployed Finns will receive EUR 560 per month with no strings attached, to answer the age-old question (or at least as old as the 60’s) of whether scrapping the paperwork and adopting universal basic income could be an alternative to the classic welfare system’s complex distribution of financial support.
Finland’s largest trade union – the Central Organization of Finnish Trade Unions, SAK – has declared that the experiment will not shake its conviction that basic income is ‘unworkable, uneconomical and ultimately useless’, as Bloomberg writes […]
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