Finland to give cash to its unemployed as part of national experiment

Finland to give cash to its unemployed as part of national experiment

Finland Basic Income Come January, the country of Finland will embark an experiment to see what happens when you give a universal basic income to unemployed citizens. It will hand out a cash sum of 560 euros ($585) to a random selection of 2,000 unemployed citizens in place of current social security benefits. The program will last for two years even if participants find work during that time.

It’s a grand social experiment to see how the labor market behaves when you secure and guarantee income. Some argue that it would help put a dent in unemployment because people unwilling […]

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