Posted on 08/22/2014 5:08:29 AM PDT by Brad from Tennessee
Most of the political class seems to have decided that ObamaCare is working well enough, the opposition is fading, and the subsidies and regulation are settling in as the latest wing of the entitlement state. This flight from reality can't last forever, especially as the evidence continues to pile up that the law is harming the labor market.
On Thursday the Federal Reserve Bank of Philadelphia reported the results of a special business survey on the Affordable Care Act and its influence on employment, compensation and benefits. Liberals claim ObamaCare is of little consequence to jobs, but the Philly Fed went to the source and asked employers qualitative questions about how they are responding in practice.
The bank reports that 78.8% of businesses in the district have made no change to the number of workers they employ as the specific result of ObamaCare and 3% are hiring more. More troubling, 18.2% are cutting jobs and employees. Some 18% shifted the composition of their workforce to a higher proportion of part-time labor. And 88.2% of the roughly half of businesses that modified their health plans as a result of ObamaCare passed along the costs through increasing the employee contribution to premiums, an effective cut in wages. . .
(Excerpt) Read more at online.wsj.com ...
Opposition is fading? Says who?
——78.8% of businesses in the district have made no change-—
The reason for that is that most businesses have not yet felt the full force of the change. For all practical purposes, the postponing of the law going into effect will not impact business until December 2014 when the postponement ends.
I am looking for business to begin to announce to employees in late september or early October what is coming. When employees learn what is coming, really coming to them personally, there is going to be hell to pay.
"At the foundation of our civil liberties lies
the principle that denies to government officials
an exceptional position before the law and which
subjects them to the same rules of conduct
that are commands to the citizen."
Justice Louis D. Brandeis
The EXEMPT RINO Prince: "I live to obey and serve you forever, my beloved King."
Again, it is what a majority of those who voted in 2008 said, via their votes, they wanted. In 2012 they re-affirmed their choice. Let then enjoy it.
Yep...hearing 25% increases are coming
In that pathetic photo the first “black president” looks no darker than John Boehner.
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