Finland begins universal basic income experiment

Finland begins universal basic income experiment

Finland has begun delivering unconditional payments to unemployed citizens to test whether providing a universal basic income can help boost employment. Euro banknotes – Photo: iStock For the next two years, Finland’s social security agency Kela will deliver monthly payments of €560 ($584) to 2,000 randomly selected unemployed residents between the ages of 25 and 58.

The pilot will serve as the latest experiment in universal basic income (UBI) – an idea that is increasingly gaining traction as automation and technology threaten to displace much of the workforce into the future.

However, amid growing support UBI also faces much criticism, with […]

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