Finland to start basic income trial

Finland to start basic income trial

Biz News

Instead of continually talking about the concept, Finland has become the first country in Europe to trial a basic income plan, with 2,000 unemployed citizens chosen at random to take part in the social experiment. The Finnish government is hoping that the initiative will help to reduce government costs and red tape, as well as combat poverty and unemployment rates.

The two-year trial began on January 1, with all participants set to receive a flat rate of €560 (RM2,600) per month, with no obligations to reveal or record how this income is spent. However, the amount will be deducted […]

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