Finland plans to give out cash to create jobs
‘Finland’s health and social affairs ministry wants to try out a basic income scheme to test the impact of unconditional cash payments on work incentives.The experiment aims to show if the measure can simplify the welfare benefits system and lower unemployment in the country.
“The primary goal of the basic income experiment is related to promoting employment,” the ministry said.
As part of the testing, which will begin next year, 2,000 randomly selected working-age recipients of unemployment benefit will receive a monthly tax free income of €560 instead of their current payment.’
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