Finland’s ‘basic income’ program means free cash for the unemployed, no strings attached

Finland's 'basic income' program means free cash for the unemployed, no strings attached

Finland’s ‘basic income’ program means free cash for the unemployed, no strings attachedby Circa News Economics & Business On Monday, Finland became the first European country to experiment with giving unemployed citizens a basic income. In short, they get cash for free.

The two-year experiment will give 2,000 randomly selected unemployed people 560 euros a month, or about $587. The average wage in Finland is about 3,500 euros ($3,625) per month.

Proponents say the cash will help the unemployed find different jobs or be more entrepreneurial, but critics say it will make them dependent on the cash.Olli Kangas, a member of […]

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