Finland Tries To Realize Utopian Dream Of Basic Income

Finland Tries To Realize Utopian Dream Of Basic Income

Finland embarked on a two-year long experiment this week to make regular payments to the unemployed in a bid to modernize the social security system and to explore if a basic income would help to boost employment.

The first stage of the Finnish basic income experiment, launched on January 1, involves 2,000 persons aged between 25 and 58, the country’s Parliament-supervised social security institution, Kela said.

Participants were selected from a random sample of existing jobless benefit recipients. They are set to receive a monthly income of EUR 560 for two years, in addition to existing welfare benefits. The first payment […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.