Finland begins Universal Basic Income trial as the world watches

Finland begins Universal Basic Income trial as the world watches

Finland begins trial of Universal Basic Income as the world looks on. FINLAND has become the first European country to give its unemployed citizens a guaranteed and unconditional monthly wage for doing nothing — even if they get a job.

A number of countries are toying with the idea of introducing the scheme known as Universal Basic Income (UBI). It replaces the traditional means-tested welfare system with a no-strings-attached streamlined version which, in theory, would offer a base level of income to everyone.

But while some have claimed the scheme is more efficient and could help reduce the amount governments […]

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