How Universal Basic Income Could Rescue The Freelance Economy - Rickey J. White, Jr. | RJW™
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How Universal Basic Income Could Rescue The Freelance Economy

12 Jan How Universal Basic Income Could Rescue The Freelance Economy

Posted at 10:37h in Popular Newsfeed by
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Paying everyone a small amount each month no matter what could make a big difference for freelancers and entrepreneurs.

Paying everyone a small amount each month no matter what could make a big difference for freelancers and entrepreneurs.

On January 1 Finland became the first country in history to launch a large-scale universal basic income trial. The two-year trial selected 2,000 unemployed Finnish citizens and will pay them €560 ($587) each month whether or not they find a job during the trial. There are also no requirements for reporting how they spend the money. The experiment aims to see if large-scale UBI programs could actually help boost employment and spur the economy by providing people with a small guaranteed income, which could enable them to take more risks, such as applying for different kinds of jobs, seeking out self-employment through freelancing, or starting a small business.

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Source: Fast Company

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