Friday, November 17, 2017

Universal Basic Income Experiment in Finland

UBI is gaining test environments.

UBI advocates argue that many jobs don’t pay enough to even make rent and buy groceries: people can work full-time and still be below the poverty line. It’s easy to understand why people on the left would advocate for a guaranteed income, but a version of this concept is also popular among libertarians, who see UBI as a way to shrink the welfare state. For example, you could take away food stamps, medicare, and housing subsidies, and replace all of it with this one flat sum.

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It's not really a UBI experiment, it's more of an unemployment benefit experiment in disguise. Here's the NYT article referenced which essentially deconstructs the entire experiment...

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