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.

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