Latest Report on Finland's Universal Basic Income Trial Says It Makes People Happier
MIKE MCRAE 8 MAY 2020
Freely giving away money to thousands of people with no strings attached was always going to make Finland's 2017 Basic Income experiment a focus of study for sociologists, psychologists, politicians and economists for years to come.
Following the experiment's termination in 2018, multiple studies have been more or less consistent in their conclusions. People tend to be happier and more confident, but aren't necessarily keen to hit the pavement in search of employment.
This latest report published by the Finnish Ministry of Social Affairs and Health doesn't make any challenging new claims. But at a time when the world is in the grip of an employment calamity, its conclusions are a timely reminder to reconsider the benefits of economic safety nets.
As a quick recap, at the beginning of 2017 Finland's government rolled out a trial run of a guaranteed tax-free income of 560 (roughly US$590) per month to 2,000 randomly selected citizens.
More:
https://www.sciencealert.com/latest-report-on-finland-s-universal-basic-income-trial-suggests-we-d-be-happier-with-it