A study into universal basic income in Finland found that while the left-wing solution raised happiness levels, it didn’t boost the job market and was found to be “unsustainable” -- just as the radical idea has picked up steam in the U.S. amid the coronavirus crisis. Finland in 2017 and 2018 gave a monthly check of $685 to its unemployed between ages 25 and 58. It was considered a pilot program -- serving 2,000 randomly selected jobless people -- that its founders hoped to expand. But Karl Hamalainene, chief researcher at the VATT Institute for Economic Research, said a universal basic income would be "expensive” and, based on the results of the study, “unsustainable.”“This was a big carrot, and we can see it didn’t fully work,” he said. Others have suggested a minimum income, a guaranteed income for people.

Source: Fox News May 07, 2020 19:52 UTC