Posted on 02/04/2014 3:58:01 PM PST by i88schwartz
ED HENRY, FOX NEWS: Jason, on your example, and you’re talking about somebody making -- working 60 or 65 hours a week and they might now be able to work. I can’t remember if you used 30 or 35 hours a week. And they'd have health insurance, just an example.
So it's a good thing that they now have health care; maybe they didn’t before. But isn’t that man or woman going from 60 or 65 hours to 30 hours --
JASON FURMAN, WHITE HOUSE ECONOMIC ADVISER: No, no.
HENRY: They're making less money, right?
FURMAN: I'm saying if they -- yeah, if the main thing going on here was a change in labor demand. And labor demand, just to be clear, that is the decision that employers are making. So employers are cutting jobs because of the Affordable Care Act, that would be a bad thing because that means somebody who really wanted a job wouldn't be able to get one. You might see the unemployment rate go up as a result of that, for example.
CBO explicitly says that you're not going to see an increase in the unemployment rate, that when you see changes it’ll be that person who maybe didn’t want to work those hours, they still have the option to. They still can, but in that case maybe they'll decide they don’t need to anymore, and that, in their case, might be a better choice and a better option than what they had before.
HENRY: If they make that choice and they go from 60 to 30, 35 hours, presumably that family is going to have a lot less take-home pay and they're going to have less money to put back into the economy.
CONTINUE READING...
(Excerpt) Read more at realclearpolitics.com ...
Judging by the amount of sh## they've been throwing at us lately, I don't doubt it.
Change you can bereave in!
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