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 […]