Author Topic: Universal Basic Income Experiment in Finland Not Looking Good  (Read 779 times)

Mackin USA

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Universal Basic Income Experiment in Finland Not Looking Good
« on: August 02, 2017, 10:37:08 AM »
We have talked about Universal Basic Income being a remedy for unemployment cause by robots etc.

FINLAND:
http://www.cnsnews.com/commentary/daniel-mitchell/universal-basic-income-experiment-finland-not-looking-good?ref=yfp
Mr. Mackin

rcjordan

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Re: Universal Basic Income Experiment in Finland Not Looking Good
« Reply #1 on: April 24, 2018, 02:13:04 AM »
Finland's basic income trial falls flat


http://www.bbc.com/news/world-europe-43866700

ergophobe

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Re: Universal Basic Income Experiment in Finland Not Looking Good
« Reply #2 on: April 24, 2018, 10:12:26 PM »
Unfortunately, that article doesn't actually say anything except that some "influential OECD think tank" argues that Universal Basic Credit will work better than Universal Basic Income... and after reading the article, I don't even really understand the difference.

And then at the end, it says that the results of the study won't be known until 2019. It would be interesting to see a decent study with some basic results.

Speaking for my household, if the US had health insurance similar to most developed countries, that right there would reduce the amount of work we do in this household. If they started throwing money at us, that would reduce it again. But a the lowest end of the economic ladder, income insecurity is often what keeps people out of the job market (no transport, no phone number, etc).

I would be curious to see how it all plays out.

Oh... plus awarding income to unemployed people, as in Finland, is not what most people mean by UBI.