Wednesday, 10 May 2017

Universal basic income in Finland

I have read the article entitled "Finland begins to experiment with basic income", the author gives some information on the basic income in this country. This project entered into force on January 1, 2017, and consists of drawing by lots 2,000 people aged 25 to 58 who will be awarded 560 euros per month of universal basic income for two years instead of unemployment benefits, but with health coverage and housing allowance. In case of a higher amount obtained previously, the difference will be refunded. A big change is the fact that even if a person finds a job, and regardless of a salary, he will not lose the universal income. This ensures that the unemployed will not find themselves in a less advantageous position if they find a low-paid job.
This idea aims to examine the motivation to find work and to get into entrepreneurial projects of two groups of unemployed: benefiting from a universal income and those who normally receive social benefits. According to the Prime Minister of Finland, this project will promote employment, reduce bureaucracy and simplify the welfare system.
According to opponents, it will not give objective results because the group is too limited compared to the number of inhabitants of Finland. In addition, they find that the amount of income is not enough.
Inspired by Finland system, French politicians reflect on the introduction of universal basic income in France.

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