Finland’s Social Security Institution, Kela, ran a basic income experiment : 2000 unemployed people were given €560 per month as basic income.
If any of the participants found a job, they still received the basic income. The experiment investigated basic income as a possible way to reshape and simplify the social security system. The well being of those on basic income did improve significantly The preliminary results of the study suggest that the basic income did not decrease (nor increase) unemployment in the trial group compared to a control group. However, their psychological and physical wellbeing did improve – 55% […]
Full Post at www.palatinate.org.uk