Finland to Launch UBI Experiment

those clever Finns!

They have a problem – those receiving unemployment benefits lose them if they start earning extra income. And many don’t want to take the risk.

So, starting next year, the Finnish government will try something new. A select few will receive income with no strings attached. They will not lose it if they go back to work. If this leads to more of them going back to work, a basic idea will be proved – giving social security does not remove the incentive to work.  And as job security becomes more difficult to find, this other type of security may be the best way to keep people from freaking out.

My own take – UBI I is affordable and needed. And adopting it will free people up to take more risks to upgrade their individual capacities.

Stay tuned!

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