Finland Has a New Social Experiment: Giving People Free Money

Finland Has a New Social Experiment: Giving People Free Money

For 2,000 Finns, free money is now a thing. This year, Finland is putting together an ambitious social experiment to see whether a universal basic income might some day be feasible. Starting on January 1, 2000 unemployed Finnish people between 25 and 58 years of age started to receive an income of €560 (about $594) per month, As The Guardian ’s Jon Henley reports .

According to one cost-of-living calculator , that’s just shy of half the cost of a furnished, 900-square-foot apartment in Helsinki. According to the Finnish government , the point of the program is to demonstrate […]

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