The Finnish government is planning to conclude its much-touted universal basic income experiment at the end of a two-year study period instead of extending it. Since early 2017, the Finnish government gave 2,000 unemployed Finns between the ages of 25 and 58 an unconditional monthly payment of 560 euros, or $690. “Right now, the government is making changes that are taking the system further away from a basic income,” Kela researcher Miska Simanainen told Svenska Dagbladet.
Though there had been plans to include workers in the basic income experiment starting in early 2018, this did not happen. Because workers were not included, researchers are limited in their ability to analyze the impact of universal basic income in promoting career changes or job training. “Two years is too short a time frame to be able to draw extensive conclusions from such a vast experiment,” basic income expert Olli Kangas told YLE. “We ought to have been given additional time and more money to achieve reliable results.” While Finland’s experiment is wrapping up with potentially disappointing results, basic income is an increasingly popular social policy among tech sector leaders, such as Elon Musk, Facebook co-founder Chris Hughes and futurist Ray Kurzweil.
Finland’s government seems less enthused about basic income. The Finnish government recently passed a bill that requires unemployed people to work at least 18 hours over three months or risk losing their benefits. “When the basic income experiment ends this year, we should launch a universal credit trial,” Finnish Finance Minister Petteri Orpo told Hufvudstadsbladet. Such a trial could be modeled on the United Kingdom‘s system, which combines various benefits and tax credits into a single account. More comprehensive results from Finland’s basic income experiment will be available after the trial’s conclusion at the end of 2018.
Via Business Insider