Finland First Country to introduces basic income for unemployed

Posted on:04 Jan 2017 10:36:07

Finland First Country to introduces basic income for unemployed
04 January 2017 Current Affairs: Finland has become the first country in the world to pay a basic income to randomly picked citizens on a national level in an aiming at dismissing poverty, motivate people to join the workforce and decrease unemployment.It is conducted with 2,000 randomly picked unemployed participants between the ages of 25 and 58. 

The plan aims to find ways to reshape the social security system in response to changes in the labour market, according to the website of the Social Insurance Institution or Kela, which manages the project. It also seeks to reduce the bureaucracy and simplify the complicated benefits system, Kela says.

The scheme, which was launched on January 1, hopes to create an incentive for more Finns to work, since the fear of losing welfare benefits make many citizens act picky about the job they would accept.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

23 MAY
NEWS
22 MAY
NEWS
20 MAY
NEWS
19 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS