Plans for a nationwide guaranteed basic income to all people, including the jobless, is being hammered out in Finland by the country’s social insurance institution Kela.

As reported by the online news site ZME Science, the concept of basic income is universal – a system of social security in which all citizens or residents of a country regularly receive an unconditional sum of money from the government or a public institution.

In its initial phase, the income will be €550, but in its full ...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now