Finland’s free money experiment didn’t go very well

Finland’s free money experiment didn’t go very well

Caption: Heap of euro notes Photographer: Johner Images Provider: Getty Images/Johner RF Source: Johner RF Copyright: Copyright (c) Johner Images A group of unemployed Finns were given hundreds of euros each month during the scheme (Picture: Getty) Finland will abandon its plan to give free money to all residents every month.

The country has been trialling paying people a basic income of €560 (£490) each month.

Supporters of the scheme say it provides a guaranteed safety net and boosts mobility in the job market as people would still be paid between jobs.However, the country has announced that the experiment will […]

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