Finland is to scrap a pioneering universal wage scheme that paid people a flat monthly fee rather than unemployment benefits.

Finland is to scrap a pioneering universal wage scheme that paid people a flat monthly fee rather than unemployment benefits.

2,000 people had been randomly selected for the experiment The Finnish Social Insurance Institute – known as Kela – introduced a two-year trial of Universal Basic Income (UBI) in January last year , which saw the government pay citizens a monthly stipend of €560 (£490).

The trial was heralded as a possible solution to a future in which there will be increasing amounts of automation and rising inequality.

Across the country, 2,000 unemployed people between the age of 25 and 58-years-old were randomly selected for the experiment, which received international recognition for its potential impact on social security and was a […]

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