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C.4. Tax Credit – An extended-standing proposal to extend employment is to make use of the tax system to provide firms incentives to rent extra workers (Spence and Hlatshwayo 2011). For instance, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving companies a tax credit score equal to 10 p.c of the rise of their wage funds over the previous 12 months (Blinder 2013). Different specialists have proposed utilizing tax coverage to profit young individuals who could also be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).

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