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C.four. Tax Credits – A protracted-standing proposal to increase employment is to make use of 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 corporations a tax credit equal to 10 p.c of the increase of their wage funds over the previous yr (Blinder 2013). Different consultants have proposed utilizing tax policy to benefit younger individuals who could also be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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