Main Blog Page

One of Finland’s New Year’s resolutions is to give FREE money to the unemployed for two years, in an effort to get people back to work.

Starting yesterday, Jan. 1, 2017 and lasting until 2019, Finland’s social security department will distribute approximately $585 every month to over 2,000 unemployed Finns. Finns will receive the income regardless of if they find employment or not over the next 2 years. The idea of giving something revenue for doing nothing does not make any sense at all. Finland hopes that this will get plenty of people to get up and get back to […]

Full Post at easterndaily.com

This should be interesting to watch . Finland is about to embark on an extremely ambitious journey to test one of the most controversial economic theories of our time. The country’s social security institution known as Kela will be handing free money to thousands of jobless citizens on a monthly basis for the next two years. It’s a test of an economic strategy known as Basic Income, which at its core is essentially free money for every person once they reach a certain age, without any prerequisites. The idea behind Basic Income is that by giving every individual a […]

Full Post at www.bootsandsabers.com

Finland is trialing a Basic Income project that has the potential to create a more robust safety net for the multitude of Western middle and lower class employees that are being disrupted on almost every front – economic, political, technological and ideologically. Just as the swamp is about to be backfilled in Washington instead of draining the excess of neoliberals that caused most of the problems, the problem to widening inequality and job security may have a solution.

More from AP : Olli Kangas from the Finnish government agency KELA, which is responsible for the country’s social benefits, said Monday […]

Full Post at www.macrobusiness.com.au

With centralized social welfare systems breaking down, the world will be watching Finland’s experiment

Finland is testing the idea of a Basic Income – paying €560 to a select group of citizens regardless of whether they work or not.

The experiment will be watched closely, as the rise in automation and precarious work is revealing the severe flaws in the current social welfare system. I am a big fan of the Basic Income, though I have recently given more thought to the problem of making sure people are incentivized to find work. This matters, because it’s tough to imagine that people […]

Full Post at www.spencerfernando.com

Raf Manji , a Christchurch City Councillor and chair of the Strategy and Finance committee, has been advocating for a universal basic income in recent media appearances, including an interview on Radio New Zealand (RNZ) and a TEDx talk in Christchurch. One of his major themes is that a basic income must be seen as part of a new social contract, and that we need to reconceive the idea of citizenship. Raf Manji (left) CC BY-NC-ND 2.0 TEDx EQChCh On November 8, 2016, Manji guested on an RNZ segment called “ Is UBI an idea whose time has come? […]

Full Post at basicincome.org

2,000 people in a pilot project will soon receive a basic income regardless of employment income or other government benefits, as part of a groundbreaking government project. Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros ($587 US), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment.

Olli Kangas from the Finnish government agency KELA, which is responsible for the country’s social benefits, said Monday that the two-year trial with the 2,000 randomly picked citizens who receive unemployment benefits […]

Full Post at www.cbc.ca

Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to €560 (£477/US$587), in a unique social experiment that is hoped to cut government red tape, reduce poverty and boost employment.

Olli Kangas from the Finnish government agency KELA, which is responsible for the country’s social benefits, said on Monday that the two-year trial with 2,000 randomly picked citizens receiving unemployment benefits began on 1 January.

Those chosen will receive €560 every month, with no reporting requirements on how they spend it. The amount will be deducted from any benefits they already receive.The […]

Full Post at www.theguardian.com