Finland Is Ending Its Universal Basic Income Scheme

Finland Is Ending Its Universal Basic Income Scheme

Universal Basic Income is written on a table during a session at the World Economic Forum annual meeting in Davos, Switzerland January 23, 2018 REUTERS/Denis Balibouse The Finnish government is not going to extend a two-year trial that has paid 2,000 unemployed people a basic income of €560 ($685) per month.

The pilot scheme began in January 2017 and is now set to expire at the end of this year. The 2,000 participants were randomly selected to receive the monthly payments even after they found employment.

“The eagerness of the government is evaporating. They rejected extra funding [for it],” said Olli […]

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