Finland to begin paying basic income to unemployed citizens

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  • December 27, 2016 at 11:52 pm #61935
    canadaram
    Participant

    http://www.independent.co.uk/news/world/europe/finland-universal-basic-income-ubi-citizens-560-euros-monthly-job-poverty-unemployment-a7492911.html

    Finland is to introduce a basic income for some citizens from next month, becoming the first country to adopt the policy.

    Two thousand unemployed people will be given €560 (£480) every month for two years, without any restrictions or conditions attached. Leaders hope the move will improve life quality, reduce unemployment and create jobs.

    Recipients will not need to prove they are looking for work and the money will be given regardless of any other income the person earns.

    The Finnish government is planning to study whether the policy helps recipients find work. It suspects many unemployed people are put off getting a job because they will lose unemployment benefits and therefore be worse off financially – a similar problem to that which tax credits were designed to solve in the UK.

    The Swedish Ministry of Social Affairs and Health said in a statement: “The Government proposes the implementation of a basic income experiment. The experiment [will] be carried out in 2017 and 2018, and its aim is to show whether basic income can be used to reform social security so that incentive traps relating to work are eliminated.

    “The primary goal of the basic income experiment is related to promoting employment. The experiment, including follow-up research, aims to find out whether basic income promotes employment.”

    December 28, 2016 at 12:32 am #61938
    bnw
    Blocked

    Interesting idea and it appears Finland from a debt standpoint is in a position to try it.

    http://www.tradingeconomics.com/finland/government-debt-to-gdp

    The upside to being a Rams fan is heartbreak.

    Sprinkles are for winners.

    December 29, 2016 at 12:34 pm #61994
    NewMexicoRam
    Participant
    canadaram wrote:

    http://www.independent.co.uk/news/world/europe/finland-universal-basic-income-ubi-citizens-560-euros-monthly-job-poverty-unemployment-a7492911.html

    Finland is to introduce a basic income for some citizens from next month, becoming the first country to adopt the policy.

    Two thousand unemployed people will be given €560 (£480) every month for two years, without any restrictions or conditions attached. Leaders hope the move will improve life quality, reduce unemployment and create jobs.

    Recipients will not need to prove they are looking for work and the money will be given regardless of any other income the person earns.

    The Finnish government is planning to study whether the policy helps recipients find work. It suspects many unemployed people are put off getting a job because they will lose unemployment benefits and therefore be worse off financially – a similar problem to that which tax credits were designed to solve in the UK.

    The Swedish Ministry of Social Affairs and Health said in a statement: “The Government proposes the implementation of a basic income experiment. The experiment [will] be carried out in 2017 and 2018, and its aim is to show whether basic income can be used to reform social security so that incentive traps relating to work are eliminated.

    “The primary goal of the basic income experiment is related to promoting employment. The experiment, including follow-up research, aims to find out whether basic income promotes employment.”

    _____________________________________________________________

    Could someone help me out with this?

    Doesn’t this seem like unemployment insurance payments?

    How is this any different?

    December 29, 2016 at 12:47 pm #61995
    bnw
    Blocked

    It is only the same in that it is money given to the unemployed. It is different in that there are no strings attached while receiving the money. What is odd is that it is Finland yet the Swedish Ministry of Social Affairs and Health is quoted.

    The upside to being a Rams fan is heartbreak.

    Sprinkles are for winners.

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