Finland launches basic income scheme

Finland launches basic income scheme

Finland becomes the first European country to pilot a basic income scheme. Could unconditional monthly sums curb mass unemployment and create more equal societies?

The Finnish government has launched a two-year experiment offering a guaranteed sum of €560 (£475) per month to 2,000 unemployed Finns. It hopes the pilot, which began on 1 January, will reduce bureaucracy and poverty, and boost employment. For the randomly selected participants, the cash sums will replace their existing social benefits and will continue to be paid even if they take up jobs. The current Finnish system can discourage people from finding jobs because even […]

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