No, Finland isn’t scrapping its universal basic income experiment

No, Finland isn’t scrapping its universal basic income experiment

kizilkayaphotos/iStock At its launch last year, Finland’s universal basic income experiment was hailed as a progressive and bold move towards a system that many – including billionaires Elon Musk and Mark Zuckerberg – think holds the key to eradicating inequality.

But these dreams hit a bump in the road earlier this week when it emerged that the Finnish government had rejected a proposal to extend its experiment. Although many reports claimed this meant the end of basic income in Finland, this actually means that the experiment will only run until the end of 2018, as initially planned.

“It seems that there […]

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