Finland is to scrap a pioneering universal wage scheme that paid people a flat monthly fee rather than unemployment benefits.
The Finnish Social Insurance Institute – known as Kela – introduced a two-year trial of Universal Basic Income (UBI) in January last year , which saw the government pay citizens a monthly stipend of €560 (£490).
The trial was heralded as a possible solution to a future in which there will be increasing amounts of automation and rising inequality.Across the country, 2,000 unemployed people between the ages of 25 and 58 were randomly selected for the experiment, which received international recognition […]
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