16/3/17

[identity profile] luvdovz.livejournal.com
As I wrote a while ago, Finland has started a bold experiment: they'll be granting 2000 random unemployed Finnish people with a guaranteed minimum income until the end of 2018 (the monthly amount has been set at 560 euro now). So what are the results as of today, a couple months later? Let's see.

The liberal-conservative government has started this experiment not out of curiosity, or love for experimentation, but out of necessity. Because Finland still hasn't completely shaken off the economic crisis, unemployment is high, the labor market is still in a process of restructuring, and the welfare system remains too complicated and inflexible. So the government decided to try this thing with the guaranteed minimum income. It's supposed to help close the big income gaps among the population, and incentivize people to take a job - initially any job, even if it's not highly paid, or even a part-time job. Of course the best-case scenario would be if the recipients of this guaranteed base income launched their own businesses. So, until the end of next year, these 2000 unemployed Finnish citizens of age 25-58 will be receiving 560 euro a month, and anyone who wishes could apply for extra income without deductions.

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