Europe

Business, Finance & Economics

How Canada tried to eradicate poverty with guaranteed income

For some residents of the Netherlands it will soon be money for nothing. Utrecht in the Netherlands just announced it would be experimenting with "basic income." That is, giving people on welfare a paycheck regardless of whether they get a job or not. This isn't the first experiment in handing out checks without strings. Economist Evelyn Forget studied a similar experiment in Manitoba in the 1970s.