Finland’s experiment with universal basic income (UBI)

Finland has begun a basic income experiment with 2,000 people, randomly selected from unemployed persons aged from 25 to 58 years. They will continue to receive a basic income for two-years regardless of their employment status. This is not a true basic income, which would continue for the life of each participant, but some positive results have already emerged. Finland has taken the decision to test a basic income for unemployed job seekers from the beginning of 2017. The trial will run for two years. The main goal behind the experiment is to see if the mechanism of a […]

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