Finland kicked off the New Year by rolling out a groundbreaking trial that will give some of its citizens a universal basic income, in a bid to reduce poverty and increase employment. Little over a year after the Finnish government first announced its plan to eventually replace earnings-based social insurance benefits with a basic income, the first unconditional monthly payments of €560 ($587) began on Jan.1, reports the Associated Press. According to AP, 2,000 people, all currently on unemployment benefits, have been chosen at random to take part in a two-year pilot trial. The basic income will be deducted […]
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