Finland to test ‘universal basic income’ for the unemployed

Finland to test ‘universal basic income’ for the unemployed

Starting in January, 2,000 unemployed people in Finland will begin receiving 560 euros every month from the state with no strings attached. The new scheme, which will make Finland the first country in the world to test a universal basic income at the national level, will be managed by Finland’s Social Insurance Institution, known as Kela. “We think that this could be a big incentive for people to take on at least part-time work,” said Marjukka Turunen, head of Kela’s legal affairs unit. Better off in work Recipients will not pay tax on the basic income, even if they […]

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