Finland Will End Universal Basic Income Experiment After Two-Year Trial Period
Tuesday, 24 April 2018 () Finland's government decided not to move forward with its experiment to offer citizen a universal basic income after the two-year trial, according to CBS News. Finland was the first country in Europe to start the program in January 2017 by offering to pay some of its unemployed citizens a basic monthly income of around 560 euros ($587) per month in the social experiment that aimed to curb government red tape while reducing poverty and increasing employment. The government said on Tuesday that it would stop making the payments to the 2,000 participants chosen as subjects in the experiment after January 2019. The government rejected a request from its own social benefits agency, KELA, to...
Tuesday, 24 April 2018 ()
Finland's government decided not to move forward with its experiment to offer citizen a universal basic income after the two-year trial, according to CBS News. Finland was the first country in Europe to start the program in January 2017 by offering to pay some of its unemployed citizens a basic monthly income of around 560 euros ($587) per month in the social experiment that aimed to curb government red tape while reducing poverty and increasing employment. The government said on Tuesday that it would stop making the payments to the 2,000 participants chosen as subjects in the experiment after January 2019. The government rejected a request from its own social benefits agency, KELA, to...