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C.four. Tax Credits – A protracted-standing proposal to extend employment is to use the tax system to offer firms incentives to hire more staff (Spence and Hlatshwayo 2011). For example, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving firms a tax credit equal to 10 p.c of the rise of their wage funds over the earlier year (Blinder 2013). Related Post: click here. Different consultants have proposed utilizing tax policy to benefit young people who may be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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