Finland Will Give Some Unemployed Citizens a Basic Income

Next month, the Finnish government is going to try something completely different to help its unemployed citizens: give them free money. From a report on The Outline: On Jan. 9, 2017, a randomly selected group of 2,000 unemployed citizens in Finland will receive a check for 560 euros (about $585) with no strings attached. They’ll continue to receive that check every month for two years straight, even if they find a job or continue to remain unemployed. This is part of an experiment to see what happens to people’s participation in the labor market after they’ve been guaranteed a certain amount of money.

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Source: Slashdot – Finland Will Give Some Unemployed Citizens a Basic Income