Nonglak Bunkoet/Legrand/Alamy
With the coronavirus pandemic causing a sharp rise in unemployment, one idea is rapidly growing in popularity: universal basic income (UBI), in which the government pays people a regular sum, no strings attached.
A Finnish study published in May (although carried out in 2017 and 2018) with 2000 unemployed people found that UBI boosted recipients’ financial well-being, mental health and cognitive functioning, and also modestly improved employment rates.
People who received €560 per month, rather than regular unemployment benefits, reported higher levels of confidence in being able to control their future. The researchers involved say that regular guaranteed payments could…
