Why Finland is ahead of the US with guaranteed income

Why Finland is ahead of the US with guaranteed income

Why Finland is ahead of the US with guaranteed income: ‘It may be an empathy gap,’ says one expert.

Finland just rolled out a pilot program to test universal basic income, or UBI. And while the idea of regular cash handouts may sound tantalizing, out-of-work Americans shouldn’t hold their breaths.

The Scandinavian country announced yesterday that 2,000 randomly-selected, unemployed individuals between the ages 25 and 58 will receive a monthly cash payment of 560 euros ($582.90) for two years.The payments will continue even if the recipient finds work. The goal, according to the Finnish government, is to increase employment.A privately […]

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