Finland’s basic income experiment hits the halfway mark

Finland's basic income experiment hits the halfway mark

HELSINKI, Finland — An experiment which offered unemployed people $636 a month with no questions asked seems to have increased participants’ general well-being — but failed to spur them to work and earn more as hoped, Finnish officials said Friday.

A report by Finland’s Social Insurance Institution, or Kela, looked at the first half of the two-year pilot project. However, Kela said that "it was not yet possible to draw any firm conclusions" from the trial.

During the experiment, 2,000 randomly chosen unemployed Finns aged 25-58 became the first Europeans to enjoy a guaranteed basic income . They are receiving a […]

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