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C.4. Tax Credit – An extended-standing proposal to increase employment is to make use of the tax system to give firms incentives to hire extra employees (Spence and Hlatshwayo 2011). For instance, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving companies a tax credit unemployedprofessors score equal to 10 p.c of the increase of their wage payments over the earlier 12 months (Blinder 2013). Related Post: learn the facts here now Different specialists have proposed using tax policy to benefit young people who may be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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