Finland places a model with the basic salary before the world.The Nordic social welfare champion spent the last two years handing out 560 euros ($635) per month to a randomly selected group of 2,000 jobless people aged between 25 and 58.
The current system is seen as too bureaucratic and often dissuades people from taking on temporary or part-time work.
According to a preliminary assessment published on Friday by the social services agency Kela, the recipients of the monthly stipend spent on average about half a day more in employment per year than the control group.
This pilot project has attracted international attention and is being closely watched by economists, sociologists and billionaires including Mark Zuckerberg and Elon Musk.
This experimental financial upliftment programme was the idea of Finland’s first millionaire prime minister Juha Sipila.
The Finland government tests whether this basic salary system could simplify the social security system.So world nations also look forward into this experimental model.
a nationwide basic income would add around 5 percentage points to Finland’s public deficit relative to gross domestic product.
