Finland Experiments With a Basic Income Scheme for Unemployed – News Analysis

Finland Experiments With a Basic Income Scheme for Unemployed

commentaryFriday, January 06, 2017 By Dylan Brethour, openDemocracy | News Analysis

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.

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  • Leslie Chin  On January 11, 2017 at 10:18 pm

    With increasing mechanisation and automation robots and computers are doing the work so the need for manual labour is much reduced. Machines do not earn wages neither do they purchase cars and buy houses. Where are people going to get money to live? The answer is a guaranteed minimum income (GMI) for all. Many governments are considering this option.

    The most serious objection to a GMI is that people should not be paid for doing nothing and that they should be made to perform some community service or volunteer work. This can be arranged through non-profit organisations like the Olympic Committee, the Amateur Athletic Association, the Audubon Society, the Musicians’ Union, etc.

  • Albert  On January 11, 2017 at 10:53 pm

    Highly improbable in the US. Social Security and Medicare have financing problems ahead. The Republicans might even try privatization of SS as a solution. With their approach of cutting spending that social policy is unlikely.

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