Finland Begins Paying Cash to Unemployed; India and Scotland Considering the Scheme?

Finland Begins Paying Cash to Unemployed; India and Scotland Considering the Scheme?

On January 1, 2017, Finland became the first sovereign nation to implement a Universal Basic Income (UBI) for its citizens. Under this scheme , the government randomly selects 2,000 citizens from those currently receiving unemployment benefits or an income subsidy. For the next two years, the selected Finns will receive EUR 560 ($587) a month regardless of whether they work or not. If the experiment proves to be successful, a UBI will be granted to all Finnish citizens. A large poster in a square in Geneva, Switzerland, promoting the idea of a universal basic income. Universal Basic Income, first […]

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