Finland Experiments With Guaranteed Universal Income

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Finland is beginning an experiment to see whether providing 2,000 unemployed citizens with a guaranteed basic income will improve the economy, create jobs and inspire entrepreneurship.(oriolsalvador/Flickr)
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Starting this month, Finland begins an experiment to see whether providing 2,000 unemployed citizens with a guaranteed basic income will improve the economy, create jobs and inspire entrepreneurship.

The first phase of the social experiment will last two years, and there are plans to expand its scope beginning in 2018. Critics worry that providing the income could create a disincentive for the unemployed to find work.

Here & Now‘s Robin Young talks with Olli Kangas (@ollikan), a researcher at KELA, the Finnish government’s Social Insurance Institution.

Here’s a video with more information about the experiment:

[Youtube]

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