Finland’s ‘free money’ scheme boosts well-being

The first nation in Europe to give citizens free cash has failed to encourage its participants to work more, but it is believed to have improved their well-being.

Under Finland’s two-year basic income trial, 2,000 randomly selected unemployed 25- to 58-year-olds were given €560 per month, with no requirement to look for work.

Recipients who started work received the same amount.The trial is due to end in 2020 in Finland where the official unemployment rate was 5.4 per cent last year.Proponents of a “universal income” call for a monthly payment or “citizens’ wage” to be given to all adults, regardless […]

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