Gauging the success of Finland’s UBI experiment

Mar 10, 2018, 3:31 AM EST
(Source: Pascal Volk/flickr)
(Source: Pascal Volk/flickr)

Amid signs of an approaching “jobs apocalypse” triggered by the emergence of more efficient, productive robot workforce across all industries, Finland is completing one year since it rolled out and trialed Universal Basic Income.

One intriguing question that stares the Finnish government and the society at large is – “What happens when you give people free money?” writes Fanatical Futurist.

The idea of free money has gained traction with the backing of Silicon Valley titans like Elon Musk and Mark Zuckerberg, who believe UBI will have a place in near future in some form or the other, notes CNBC.