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C.4. Tax Credits – A protracted-standing proposal to extend employment is to utilize the tax system to offer firms incentives to rent extra employees (Spence and Hlatshwayo 2011). For example, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving firms a tax credit unemployed professors overview unemployed professors equal to 10 % of the increase of their wage payments over the previous year (Blinder 2013). Completely different specialists have proposed utilizing tax coverage to profit youthful people who may be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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