A social experiment in Finland, the goal of which was to decrease the number of unemployed, was not successful, Bloomberg reports.
The results of the two-year social experiment, which was conducted under the auspices of the country’s government, were summed up in Finland. Its aim was to provide an unconditional basic income to the unemployed in order to stimulate employment.
Two thousand program participants received from the state 560 euros ($635) every month for two years. If they had found a job, they would have still received these funds. According to the project initiators, this could significantly reduce the expenses of unemployment benefits.
Based on the outcomes of the experiment, it turned out that the participants from the control group practically did not differ from the rest of the unemployed when searching for employment opportunities.