The idea was to stimulate people to look for paid work by eradicating gaps in the welfare system; the Finnish government thought that with existing unemployment benefits so high, an unemployed person would eschew getting a job because they would risk losing money by doing so; the more money they made, the lower their social benefits would be. The basic income was meant as an incentive for people to start working.
But now Finland is canceling the program, though the government will not say why. Kela, the Finnish social security agency, asked the government to expand the two-year pilot to a group of employees this year, but the government nixed funding it, meaning the entire program will come to a crashing halt in January 2019.
Finland Tried A Basic Guaranteed Income, But It's Being Canceled. No One Will Say Why.
But now Finland is canceling the program, though the government will not say why. Kela, the Finnish social security agency, asked the government to expand the two-year pilot to a group of employees this year, but the government nixed funding it, meaning the entire program will come to a crashing halt in January 2019.
Finland Tried A Basic Guaranteed Income, But It's Being Canceled. No One Will Say Why.
