Finland Introduces Basic Income for Unemployed

Wednesday, 28 December 2016 Finland is to introduce a basic income for some citizens from next month, becoming the first country to adopt the policy.

Two thousand unemployed people will be given €560 ($600) every month for two years, without any restrictions or conditions attached. Leaders hope the move will improve life quality, reduce unemployment and create jobs.

Recipients will not need to prove they are looking for work and the money will be given regardless of any other income the person earns. The Finnish government is planning to study whether the policy helps recipients find […]

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