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.


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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