Universal Basic Income – Finland’s Basic Income Experiment (2017)

Finland’s Basic Income Experiment was launched in 2017 to test whether a basic income would encourage employment and simplify the social security system. Participants were paid a monthly sum of €560 for two years, with no obligation to seek work. Despite reporting higher levels of happiness and overall better health compared to other unemployed individuals, many of the participants remained jobless. The pilot’s findings were inconclusive, yet the idea has been put forth as a strategy to address poverty and income inequality in other nations.

Policies to Reduce Discrimination – Affirmative Action

Affirmative action refers to a set of policies in the United States which aim to grant special considerations to historically discriminated groups such as minorities and women. It involves policies like preferential treatment in hiring and admissions, targeted recruitment, and outreach programs. The goal is to actively promote qualified candidates from underrepresented groups and address past discrimination.

Policies to Reduce Poverty – The New Deal (1993-1939)

The New Deal was a series of domestic policies and programs initiated by President Franklin D. Roosevelt in the United States from 1933 to 1939. It was a response to the severe economic crisis of the Great Depression, which had left millions of Americans unemployed and facing extreme poverty. One of the key programs was the social security act, which guaranteed pensions to millions of Americans and created a system of unemployment insurance.