Jobs

I applaud your editorial (“Jobs, Jobs, Jobs,” Jan. 28). As an economist, I believe the most direct, least costly and fastest way to restore employment growth to the U.S. economy would be to institute an employment or labor tax credit. Businesses that increase their total labor force in 1993 would be given a tax credit for each new employee hired. Only a net increase in the firm’s work force would generate the credit. The credit might actually reduce the deficit, since a lower unemployment rate would increase the number of taxpayers and reduce the number of tax users (welfare, Medicaid, etc.). We must end the demoralizing downward spiral of layoffs that are destroying our economy.

VIC NYBERG

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