Wednesday, January 4, 2017
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Finland introduces basic income for unemployed

Finland has become the first country in the world to pay a basic income to randomly picked citizens on a national level in an experiment aiming at dismissing poverty, motivate people to join the workforce and decrease unemployment.

The experiment is conducted with 2,000 randomly picked unemployed participants between the ages of 25 and 58. For two years, participants from different parts of the country will receive an unconditional monthly tax-free basic income of 560 euros ($586). Read More