Finland Tries Out Basic Income

Finland Tries Out Basic Income

Finland’s Social Insurance Institution, or Kela, announced on Monday the launch of an experiment designed to test the potential effects of a universal basic income (UBI). Given that the program is in its earliest stages, however, it is far from "universal": 2,000 participants who were randomly selected from the country’s working-age (25 to 58), unemployed population will receive a basic income of €560 ($581) per month through the end of 2018.

Universal basic income is an old idea – Thomas Paine discussed it in the 18th century – but it has received renewed attention in recent years as automation threatens […]

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