By: Ted Patterson
Finland’s massive welfare state is unequipped to handle consequences of the Coronavirus.
BNN Bloomberg reports:
Finland’s system of jobless benefits can’t cope with the sudden surge in demand, the country’s biggest unemployment fund, YTK, said.
There are more than 300,000 Finns who suddenly find themselves without work, either through temporary layoffs or outright job cuts. A large chunk of them may have to wait until next year to get their first benefit payment, YTK said.
Money’s not the problem, Managing Director Sanna Alamaki said in letters to members sent through April 1. It’s “that the benefit applications can’t be processed and, consequently, money can’t be paid out quickly enough,” she said.
Why It Matters:
In today’s episode of government isn’t always the answer…
“Welfare’s purpose should be to eliminate, as far as possible, the need for its own existence.”
Ted Patterson is editor of Republic Press.