HELSINKI (Reuters) – Finland’s government announced on Friday the first findings from its basic income trial that ended a month ago, with researchers saying it had failed to spur the unemployed to work more and earn more as hoped.
During the trial, 2,000 randomly chosen unemployed Finns became the first Europeans to enjoy a guaranteed basic income, a monthly pay check of 560 euros ($635) from the state for two years, regardless of whether they found work or not.
Impact - Employment - Grounds - Trial - Year
“The impact on employment seems to have been minor on the grounds of the first trial year,” Finland’s minister of health and social affairs Pirkko Mattila said.
Finland is exploring alternatives to renewing its social security model, a huge task expected to be tackled after parliamentary elections in April.
Trial - Offering
With the trial, it tested offering...
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