Finnish citizens given universal basic income report lower stress levels and greater incentive to workParticipants receive €560 (£473) every month for two years and do not have to demonstrate that they are actively seeking workBen Chapman | 3 hours ago
http://www.independent.co.uk/news/business/news/finland-universal-basic-income-lower-stress-better-motivation-work-wages-salary-a7800741.htmlFinland has been giving 2,000 of its citizens an
unconditional income for the last five months and some are already seeing the benefits, reporting decreased stress, greater incentives to find work and more time to pursue business ideas.
The scheme is the first of its kind in
Europe and sees participants receive €560 (£473) every month for two years.
Recipients do not have to demonstrate that they are seeking employment and they are not required to regularly report to authorities to prove they still need the payment, as is the case with standard
unemployment benefits. They can spend the money however they like.
The trial is one measure introduced by the centre-right government to tackle Finland's unemployment problem.
Juha Jarvinen, an unemployed young father in a village near Jurva, western Finland, was picked at random to receive the stipend, starting in January this year. He told the
Economist that, unlike when he was receiving standard unemployment payments, he is now actively seeking work.
He had previously been offered a few part-time positions but taking them would make no sense, since it would jeopardise his welfare payments. “It is crazy, so no one will take a bit of work,” he said.
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