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 […]