Finland UBI cancellation is not a failure of UBI


(miles_w) #1

There is criticism on the trial from within Finland, suggesting it is too short (2 years) too small participant size (2000 Finns), hampered by political and bureacratic obstacles (pro austerity government, constititional challenges) and too little (560 euros, slightly less than the cost of a 1 bedroom apartment in Helsinki) https://www.economist.com/finance-and-economics/2017/06/24/finland-tests-a-new-form-of-welfare

The rationale for ending the trial was that there wasn’t an appreciable rise in employment among the participants. The data from the 2 year trial won’t be released until the conclusion, however some sources indicated a rise in happiness/reduction in stress which was mirrored in other trials.

Other larger trials are in process in Oakland, Utrecht and Ontario which will provide more useful data https://qz.com/1289626/has-universal-basic-income-lost-its-charm-before-we-could-figure-out-if-it-works/