Credit: CC0 Public Domain The experiment carried out by the government tested the idea of a concept called universal basic income (UBI), which guarantees participants a certain basic standard of living via direct cash transfer. The standard of living guaranteed includes reasonably nice housing, sufficient food, proper health care, and a means for engaging with the surrounding community. UBI is an idea that has been kicked around and tested before, but thus far, findings have produced mixed results.
In this new experiment, the Finnish government randomly chose 2,000 people who were receiving unemployment benefits and offered them a roughly equal […]
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