How Universal Basic Income Could Rescue The Freelance Economy

Finland becomes the first country to launch a large scale universal basic income trial. Think that is awesome listen to this they selected 2,000 unemployed Finnish citizens and will pay them €560 ($587) each month and they dont even have to find a job. The study aims to see if these people will take more risk to apply for different kind of jobs or start a small business knowing they have a small guaranteed income.

Key Takeaways:

  • Studies have shown one of the top reasons more people don’t become entrepreneurs is because they don’t have the capital to both support themselves and start a business at the same time.
  • But it may be the only thing that could help give millions of people an income in the next decades as robots and artificially intelligent software eliminate jobs once held by humans.
  • Providing income security is essential to preserve freedom, social justice, and healthy political democracy.

“On January 1 Finland became the first country in history to launch a large-scale universal basic income trial.”

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