December 24, 2016

Finland experiments with guaranteed income

Popular Resistance

In an experiment aimed at establishing whether or not a universal basic income scheme would reap more benefits than disadvantages, Finland will be giving out free cash to a number of its citizens. While the country has a relatively high unemployment rate due to the number of jobs lost as a consequence of Nokia’s discontinuance of its mobile phone production — only a few of Finland’s unemployed are in a rush to score new jobs. The bizarre trend in the country is due to an unemployment benefits system that effectively discourages citizens from seeking income-generating work for fear of losing the benefits altogether...

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