UTOPIA DENIED: Finland’s Basic Income Trial Falls FlatPosted: April 24, 2018 | Author: Pundit Planet | Filed under: Economics, Politics | Tags: Basic income, Finland, Marxism, Socialism, Welfare state |Leave a comment
The experiment in paying a basic income to 2,000 jobless Finns will not be expanded.
Laurence Peter repots: The Finnish government has decided not to expand a limited trial in paying people a basic income, which has drawn much international interest.
Currently 2,000 unemployed Finns are receiving a flat monthly payment of €560 (£490; $685) as basic income.
“The eagerness of the government is evaporating. They rejected extra funding [for it],” said Olli Kangas, one of the experiment’s designers.
Some see basic income as a way to get unemployed people into temporary jobs.
The argument is that, if paid universally, basic income would provide a guaranteed safety net. That would help to address insecurities associated with the “gig” economy, where workers do not have staff contracts.
Supporters say basic income would boost mobility in the labour market as people would still have an income between jobs.
Finland’s two-year pilot scheme started in January 2017, making it the first European country to test an unconditional basic income. The 2,000 participants – all unemployed – were chosen randomly.
But it will not be extended after this year, as the government is now examining other schemes for reforming the Finnish social security system … (read more)
Source: BBC News