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C.4. Tax Credit – An extended-standing proposal to extend employment is to make use of the tax system to present corporations incentives to rent extra staff (Spence and Hlatshwayo 2011). For example, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving corporations a tax credit bid for papers equal to 10 p.c of the increase of their wage funds over the previous 12 months (Blinder 2013). Other consultants have proposed utilizing tax policy to profit young people who could also be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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