Why Unconditional Basic Income is Both ‘Nightmare and Great Promise’

Why Unconditional Basic Income is Both 'Nightmare and Great Promise'

Helsinki, Finland "We had to start from somewhere. The budget that we had at our disposal was rather limited. It meant that at best we could [cover] 2,000 persons. And we thought that the unemployed are the group that can be of interest from our perspective. If basic income is something that [encourages] people to take jobs, in this case unemployed persons are the best group to start with," Kangas, KELA’s director of research, explained.

KELA is a Finnish government agency tasked with running the country’s social security programs. The UBI initiative will see the government pay a guaranteed minimum […]

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