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C.four. Tax Credit – A long-standing proposal to extend employment is to use the tax system to provide companies incentives to hire 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 ten % of the increase of their wage payments over the earlier 12 months (Blinder 2013). Different consultants have proposed utilizing tax coverage to benefit young individuals who may be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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