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Jeremy Cherfas

2018-01-15

1 min read

My friend Jason was recently musing on the possibility of legislating firms to employ a certain number of people, based on revenue, in order to slow the pace of automation and the joblessness it leads to. I get that there's a problem,because no matter how good state provision for joblessness might be, firms contribute only a small part (if any) to the costs of supporting the workers they fire. Jason's idea is essentially an additional tax on firms to offset the costs of joblessness by creating unnecessary jobs. In my view there's a far better way; tax firms more, and spend some of the proceeds on a universal basic income.