It didn’t generate any jobs, but Finland’s universal basic income experiment still yielded valuable insights Helsinki (AFP)
A groundbreaking trial providing a guaranteed basic monthly income to 2,000 jobless people has led to improved wellbeing but failed to boost employment, Finnish authorities announced on Friday.
Last December the Nordic nation concluded a two-year experiment in which a randomly selected group of unemployed people were paid an unconditional, tax-free 560 euros ($634) a month.Researchers studied whether the no-strings-attached income could better incentivise jobless people to find work than traditional unemployment benefits, which may be docked as soon as the recipient starts earning […]
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