Finland begins universal basic income experiment

Finland begins universal basic income experiment

Will doling out an unconditional regular basic income encourage people to seek work? A Finnish study will provide the answer

Finland has embarked on a social experiment that may change how nations look at social security in future. Finnish social security agency, Kela, is observing how unemployed people will respond to no-strings-attached monthly cash handouts.

People on unemployment benefits are generally hesitant to take up small time jobs as the benefits are cut back once they start earning. In the nationwide experiment, beneficiaries are free to seek job, start a business or acquire more education without fear of losing […]

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