Skip to comments.Obamacare will push 2 million workers out of labor market: CBO
Posted on 02/04/2014 11:31:27 AM PST by grundle
Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office.
Thats a major jump in the nonpartisan budget agencys projections and it suggests the health care laws incentives are driving businesses and people to choose government-sponsored benefits rather than work.
CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor given the new taxes and other incentives they will face and the financial benefits some will receive, CBO analysts wrote in their new economic outlook.
(Excerpt) Read more at washingtontimes.com ...
Using Karl Marx’s ideas to help the middle class is like using Adolph Hitler’s ideas to help the Jews.
What if congresses passed the minimum wage increase and mandated paid sick days, would that help?
Couldn’t congress just pass a law forcing employers to hire and outlawing layoffs?
That would fix everything.
So...if the CBO is saying 2 million, the real number is more like 6, right?
"YEA, WHOOPIEEEEEE, YAHOOOOO, BIG ******* DEAL,WE DID IT, YIPPEEEEE"
The media is saying this is a GOOD THING ... because it gives people more choice ... choice not to work but still get healthcare! (article on Huff Post).
I wonder how many people will exit the workforce because they don’t want to pay for the other people who have left in order to get free or subsidized health insurance?
Article on Huff Post is saying this is a good thing ... unbelievable logic.
It is a good thing to liberals. More people taking taxpayer funded subsidies and dependent on government. These people will be Democrat voters to preserve their handouts.
>> “ choice not to work but still get healthcare!” <<
They’re welcome to that “healthcare,” it’ll kill them quickly.