Finland experiments with unconditional income for jobless

Some 2,000 unemployed Finnish citizens will begin to receive a monthly stipend that is not tied to their employment status, marking one of the world’s first forays into universal basic income, which could have groundbreaking implications for how nations combat income inequality.

The randomly selected Finns will receive €560, or around $587, each month for the next two years – even if they find regular, steady jobs or rake in extra cash by participating in the gig economy. If the program proves successful, Finland may expand it to include all adults, believing the shift could mean long-term savings for the […]

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