Dissatisfied with the results of its brief fling with universal welfare, Finland has decided to terminate its Universal Basic Income (UBI) pilot program by 2019. In a report by The Guardian , the Nordic country announced that it will look into better means of alleviating unemployment.
The unsuccessful trial was the first attempt by an European national government to provide “basic income” to its citizens. It explored the possibility of motivating unemployed Finns into working to support themselves by giving them money with no strings attached
Starting in January 2017, Finland’s social security agency, Kela, picked 2,000 jobless people at random. […]
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