"Wouldn't that create a perverse incentive to hire less and overload the remaining employees? " That rather depends whether there are more jobs than people tha

"Wouldn't that create a perverse incentive to hire less and overload the remaining employees? " That rather depends whether there are more jobs than people that want them. If there isn't then you need a public job Guarantee option to swing the balance of power. We want the private sector to hire less and automate more. That's how we push forward productivity. What we want to remove from them is the "what about the jobs" argument. Then it all works.