There’s been a lot of buzz this year about an old economic idea called universal basic income . It’s a guaranteed monthly check from the government for every citizen, no strings attached. Automation, gig jobs and the overall precariousness of work is driving interest in the idea, from Silicon Valley to the Netherlands. Finland launches a pilot program next month to test out the idea, but the country’s center right government is testing it as welfare reform, not as an anti-poverty tool.
Finland, population 5.5 million, is struggling with high unemployment, especially among the young. The jobless rate is more […]