Finland Tries Basic Income for Unemployed Citizens

Finland Tries Basic Income for Unemployed Citizens

Finland is officially the first European country to experiment with a universal basic income for all its unemployed citizens and the rest of the world is curiously taking note as to how the experiment will unfold.

According to The Guardian , the pilot program, which will run for two years, will guarantee that all unemployed Finns between the ages of 25 to 58 will receive a monthly basic income of €560 (around $582). This amount also replaces the social benefits they previously received and will be given even after they have started to work again. The program went into effect […]

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