In Finland, 2,000 unemployed citizens are taking part in a pilot project. Each is given 560 euros a month, no strings attached. How does a basic income affect the lives of the unemployed? What about the labor market and society as a whole?
The Canadian province of Ontario plans to give up to 4,000 low-income households a guaranteed basic income for three years. Finland recently began its own basic income experiment, reports Jillian Kestler-D'Amours.
A group of 2,000 unemployed people in Finland will receive a basic income every month from the state, tax-free and with no strings attached. Proponents hope to prove such schemes boost people's motivation to find work.
The latest International Monetary Fund’s Fiscal Monitor report has focused on inequality and ways of reducing both its causes and effects. Among several fascinating ideas it discusses, universal basic income stands out.
A member of Angela Merkel's Christian Democratic Union wants parents in Germany to receive a basic income regardless of their means. But this shouldn't be confused with universal basic income, she said.
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