Finland’s two-year experiment with a state-sponsored universal basic income (UBI) has so far revealed that people receiving the benefit are no more likely to find work than if they were receiving traditional unemployment benefits. However, their sense of well-being increased.
Ugo Colombino writes for IZA World of Labor that “High unemployment and job insecurity are in part a consequence of the Great Recession following the economic and financial crisis of 2008–2009. More fundamentally, however, they are a byproduct of automation and globalization.”
He notes that “[c]urrent social policies may not be adequate for achieving the goals of redistributing the gains […]
Full Post at wol.iza.org