LONDON — Finland’s experiment with a universal basic income is unworkable and unaffordable, according to the country’s biggest trade union.
Since January, Finland’s government has paid a group of 2,000 unemployed Finns aged between 25 and 58 with a monthly stipend of £480 ($600), as it considers a radical new welfare system.
“We think it takes social policy in the wrong direction,” Ilkka Kaukoranta, chief economist of trade union group SAK told Bloomberg . The group has one million members in a country of 5.4 million people.Advocates say rolling out the system would provide a vital safety net for all citizens […]
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