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Finnish experiment. The final results from Finland’s experiment are now in, and the findings are intriguing: the basic income in Finland led to a small increase in employment, significantly boosted multiple measures of the recipients’ well-being, and reinforced positive individual and societal feedback loops. The numbers look pretty good. Can it be generalized? This would not suggest that a UBI is a substitute for an MMT JG, however. The rise in employment was small. There would still be a buffer stock of unemployed without a JG. Do the results imply that a UBI is the only alternative? Would a means-tested basic income perform the same or better? McKinseyAn experiment to inform universal basic income Tera Allas, Jukka Maksimainen, James Manyika, and Navjot Singh Open
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Finnish experiment. The final results from Finland’s experiment are now in, and the findings are intriguing: the basic income in Finland led to a small increase in employment, significantly boosted multiple measures of the recipients’ well-being, and reinforced positive individual and societal feedback loops. The numbers look pretty good. Can it be generalized? This would not suggest that a UBI is a substitute for an MMT JG, however. The rise in employment was small. There would still be a buffer stock of unemployed without a JG. Do the results imply that a UBI is the only alternative? Would a means-tested basic income perform the same or better? McKinseyAn experiment to inform universal basic income Tera Allas, Jukka Maksimainen, James Manyika, and Navjot Singh Open
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Mike Norman considers the following as important:
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Finnish experiment.
The final results from Finland’s experiment are now in, and the findings are intriguing: the basic income in Finland led to a small increase in employment, significantly boosted multiple measures of the recipients’ well-being, and reinforced positive individual and societal feedback loops.
The numbers look pretty good. Can it be generalized?
This would not suggest that a UBI is a substitute for an MMT JG, however. The rise in employment was small. There would still be a buffer stock of unemployed without a JG.
Do the results imply that a UBI is the only alternative? Would a means-tested basic income perform the same or better?
An experiment to inform universal basic income
Tera Allas, Jukka Maksimainen, James Manyika, and Navjot Singh