Question
Download Solution PDFFirst which country in the World has given a basic income to the unemployed?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe Correct Answer is Finland
Key Points
- In 2017, Finland became the first country in the world to experiment with a government-backed universal basic income (UBI).
- This experiment was run by the Finnish government's social security institution, Kela.
- The program gave 2000 randomly chosen unemployed Finns, aged 25 to 58, a monthly stipend of 560 Euros (approximately $635 USD) for two years, regardless of whether they found work during that period.
- The purpose of the UBI experiment was to see if this form of welfare could help to boost employment and reduce poverty and inequality.
- The final results of the experiment, as published by Kela in 2020, showed that while UBI did not significantly boost employment, it did markedly increase recipients' health and well-being.
- Despite mixed results, this groundbreaking experiment brought the idea of UBI into mainstream political discourse.
- While Finland was the first to implement such a program on a national level, other countries and cities around the world have since experimented with similar initiatives.
Last updated on Mar 18, 2025
-> The WBPSC Miscellaneous Final Response Sheet has been released for the Prelims 2023.
-> The detailed WBPSC Miscellaneous Services Notification 2024 will be released soon. The short notice for the same has been released.
-> The exam takes place for recruitment to various posts under the West Bengal Government.
-> They will be selected on the basis of Prelims, Mains and Interview.
-> Candidates who have completed graduation are eligible for this post.
-> The recruitment is also ongoing for the 2023 cycle (Advt. No. 11/2023). For the same, the Prelims Exam was conducted on 15th September 2024.