At the start of this year, Finland began a trial of a ‘universal basic income’ system, under which 2,000 individuals who were receiving welfare were selected to receive a guaranteed monthly income of 560 euros over the next two years. But can basic income systems really address problems of social insecurity? Neil Warner, Frederick Harry Pitts, and Lorena Lombardozzi explain why a successful implementation of a basic income will require a wider and more radical intervention in the economy.
SOURCE: Warner, Neil and Pitts, Frederick Harry and Lombardozzi, Lorena (2017) Why a basic income alone will not be a panacea to social insecurity. LSE European Politics and Policy (EUROPP) Blog (07 Sep 2017), pp. 1-3. Blog Entry.
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