Finland Embarks On Two-Year Experiment Providing Unemployed With a Basic Monthly Income

Finland Embarks On Two-Year Experiment Providing Unemployed With a Basic Monthly Income

According to an Associated Press report, the ‘Universal Basic Income’ also called as ‘unconditional basic income’ (is a form of the welfare security system in which a country citizen receives guaranteed income from the government regardless of how much they work) continues to go viral.

Finland has launched its own version of the experiment; the European government is going to provide a guaranteed basic monthly income, amounting €560 ($587) to 2,000 randomly-picked jobless citizens. The trial will run for a two-year period.

Finland hopes the experiment would decrease the country’s 213,000 or nearly 8.1 percent unemployed citizens out of the 5.5 […]

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