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C.four. Tax Credit – A protracted-standing proposal to extend employment is to use the tax system to offer companies incentives to hire more employees (Spence and Hlatshwayo 2011). For instance, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving companies a tax credit ultius review equal to 10 p.c of the increase of their wage payments over the earlier yr (Blinder 2013). Other specialists have proposed using tax policy to profit young people who may be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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