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C.four. Tax Credits – A protracted-standing proposal to increase employment is to use the tax system to offer companies incentives to rent extra staff (Spence and Hlatshwayo 2011). For instance, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving companies a tax credit unemployed professors equal to 10 percent of the increase in their wage payments over the previous year (Blinder 2013). Other consultants have proposed using tax policy to profit young individuals who could also be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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The psychological aspects will not be monetary, however they are actionable. I wish more of us would search counseling concurrently they start the job search. Many people who select to retire have a tough unemployed professors time with the transition; people who get laid off have that life changing choice taken from them, when they may have thought they had been at the height of their careers, often concurrently the empty nest transition.