Will basic income experiment in Finland work out?

Will basic income experiment in Finland work out?

Social Security Administration of Finland announced an experiment on unconditional basic income starting from January 1, 2017.

The organizers chose 2 thousand men by random-sampling algorithm. They will be receiving an unconditional basic income of 560 euros per month from January 9, 2017 and in the next two years. The participants will not be receiving unemployment benefits during this term.

One of the experiment’s purposes is to find out whether unconditional income of € 560 will motivate people to find a job, including the low-paid. As reported, the payments will be terminated if a participant starts to receive allowance […]

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