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Economics

The Concept of Universal Basic Income

Quick fact

In a 2017 Finnish experiment, 2,000 unemployed citizens received a monthly payment of €560 with no conditions. After two years, they reported better well-being and health, but they were not significantly more likely to find jobs—challenging both critics and supporters of UBI.

Why this is interesting

Imagine receiving a monthly check from the government, no strings attached, whether you work or not. Would that make you lazier or more productive? The answer might surprise you.