Why Basic Income Failed in Finland

Why Basic Income Failed in Finland

stillburning / Flickr In December 2018, the world-renowned Finnish experiment with basic income came to an anticlimactic end. This conclusion was unsurprising given that eight months earlier it had already been widely reported that the pilot program had been cancelled. (In reality, the government had announced that they would not extend the program.)

From January 2017 to December 2018, the Finnish social insurance agency Kela gave out a monthly payment of €560 (about $640) to two thousand unemployed persons — the kicker being that there were no strings attached. The only requirements were that at the start of the experiment […]

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