Finland Experiments With a Basic Income Scheme for Unemployed
Finland has recently begun a two-year trial providing basic income for the unemployed. The concept of a universal basic income, which aims to supply a monthly stipend regardless of employment, has gained currency in recent years.
Finland, however, is the first country in Europe to put the idea into practice. Under the new provisions, 2,000 unemployed citizens, selected at random, will receive €560 (£460) per month. The amount will be deducted from the recipient’s other benefits. There are no restrictions on how the money is to be spent and the salary will continue if recipients find work.