Why Finland is ahead of the US with guaranteed income

Why Finland is ahead of the US with guaranteed income

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 funded pilot program is in the early stages in California , but the United […]

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