Finland: Guaranteed income experiment didn’t boost employment, for some reason

Finland: Guaranteed income experiment didn’t boost employment, for some reason
Stand aside, Disneyland, for Kauniainen, Finland: government-services paradise and the official Happiest Place on Earth. YouTube video

[Ed. – In other news, eating more packaged snack food didn’t help people increase health, lose weight.]

Finland’s basic income scheme did not spur its unemployed recipients to work more to supplement their earnings as hoped but it did help their wellbeing, researchers said on Friday as the government announced initial findings.

The two-year trial, which ended a month ago, saw 2,000 Finns, chosen randomly from among the unemployed, become the first Europeans to be paid a regular monthly income by the state that was not reduced if they found work. …

The trial was being watched closely by other governments who see a basic income as a way of encouraging the unemployed to take up often low-paid or temporary work without fear of losing their benefits.

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