In what must be one of the most unsurprising stories of the day, researchers said that Finland’s trial universal basic income program did not lead to higher employment. Although the program did not lead more people to productive work than traditional social entitlements, participants did report that they were happier and less stressed.
In recent years, the concept of universal basic income (UBI) has become popular among some economists as an alternative to means-tested welfare programs and social safety nets. The idea is that a country would guarantee every citizen a minimum income level without meeting qualifying factors such as […]
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