Finland Trials Universal Basic Income on 2,000 Citizens

Finland Trials Universal Basic Income on 2,000 Citizens

A trial to give people a fixed income regardless of wealth or employment status has begun in Finland, in what is the world’s first large-scale experiment of universal basic income.

From January 1, 2017, to 2019, 2,000 participants will be paid 560 euros ($587) each month in the hope that it can reduce poverty, cut government red tape and better match societal changes, like increased automation in the workplace .

“It’s highly interesting to see how it makes people behave. Or, as some critics claim, make them lazier with the knowledge of getting a basic income without doing anything,” Olli Kangas, […]

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