Finland just launched an experiment giving 2,000 people free money until 2019

Finland just launched an experiment giving 2,000 people free money until 2019

Reuters/Vesa Moilanen Finland has an ambitious New Year’s resolution in mind: learn how offering free money for two years helps the unemployed get back to work.

Starting January 1, 2017 and lasting until 2019, the federal social security institution Kela will distribute roughly $590 each month to 2,000 jobless Finns.

Regardless of whether they find work during that period, the money will keep coming in at the beginning of each month — a trial version of basic income, one of the past year’s most popular theories of how to solve poverty.Under universal basic income (UBI), people receive a standard amount of […]

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