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Do you have a source for Iceland having a universal basic income like that? How much is it? I’m not finding anything about it with Google searches, and it seems
by jrmg 3y ago
Do you have a source for Iceland having a universal basic income like that? How much is it? I’m not finding anything about it with Google searches, and it seems kind of hard to believe.
- huytersd 3y agoIt’s not universal. It’s basically indefinite unemployment payments.
- grecy 3y agoAustralia has that too. $1500/mo for a single person.
- jrmg 3y agoThis still seemed implausible to me, so I looked it up. The Icelandic government has all the details on the web in English! It looks like it’s for up to 30 months, and you need to be employed for 24. months to ‘reset’ it: https://vinnumalastofnun.is/en/jobseeker/entitlement-to-unemployment-benefits/benefit-entitlement-period https://vinnumalastofnun.is/en/jobseeker/entitlement-to-unem... You’re required to confirm every month that you’re seeking employment: https://vinnumalastofnun.is/en/jobseeker/rights-and-obligations/confirmation-that-you-are-seeking-employment https://vinnumalastofnun.is/en/jobseeker/rights-and-obligati... The amount seems to be ISK 349,852 per month: https://vinnumalastofnun.is/en/jobseeker/amounts-and-payments-of-unemployment-benefits/unemployment-benefit-amounts https://vinnumalastofnun.is/en/jobseeker/amounts-and-payment... So that’s about USD 2500 - though there are lower amounts depending on your ‘entitlement’ band - I’m not sure how that’s calculated. Even at the 100% band, that’s $30,000/year - which is (for example) half of California minimum wage.