Finland just got cooler, becomes first country to launch basic income for unemployed

Finland just got cooler, becomes first country to launch basic income for unemployed

Kiosked Finnish flags fly at half-mast outside City Hall in Hyvinkaa May 26, 2012 [Representational Image]. Finland, the far north European nation may just become the first country to provide basic income to its citizens.

As part of a unique experiment, the Finnish government has decided to give basic income of Euro 650 (approx Rs 46, 257) to unemployed citizens in a bid to boost employment, cut government red tape and reduce poverty, the Guardian reported.

Also read: Switzerland considers paying $2,500 per month to every citizen Starting from January 1, the government will pick up a random sample of 2,000 […]

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