FT to PT due to healthcare act - Obama's response

[jimnyc]

This guy had his job shifted from full time to part time, so that the employer can avoid the healthcare costs. (just as I said they would from day one, avoid or pass along the cost). But what is Obama's solution? Increase the minimum wage. What an ass. People are scrambling and employers are dismissing people and cutting hours, all because this is killing their bottom dollar. And he thinks by forcing them to pay the employees more will somehow solve this issue? Employers will then reduce the workforce or once again find a way to lower their bottom dollar. A guy working 40 hours will have them cut to 30. I don't have an issue with minimum wage being increased from time to time, but it's not an answer to the floundering ACA.


During a Google Hangout session on Friday, fry cook Darnell Summers told President Obama that his hours were cut due to the Affordable Care Act. “We were broken down to part time to avoid paying health insurance,” he said. Summers explained that he makes $7.25 an hour and has been on strike four times seeking a wage increase. “We can’t survive, it’s not livin’,” he said.

The president responded by urging states to increase the minimum wage. “I am working to encourage states, governors, mayors, state legislators to raise their own minimum wage,” Obama said. “Obviously, the way to reach millions of people would be for Congress to pass a new federal minimum wage law. So far, at least, we have not seen support from Republicans for such a move.”

The president did not address Summers’s comments about the healthcare law.

http://www.nationalreview.com/corner/370307/fry-cook-shifted-part-time-work-confronts-obama-andrew-johnson

[Voted4Reagan]

then we'll be like Portugal, Italy, Greece and Spain where they work 30hr weeks...

and the economies are collapsing...

[fj1200]

To prevent yet another ACA thread...

White House: It's A Good Thing That Obamacare Will Drive 2.5 Million Americans Out Of The Workforce (http://www.forbes.com/sites/theapothecary/2014/02/05/white-house-its-a-good-thing-that-obamacare-will-drive-2-5-million-americans-out-of-the-workforce/?partner=yahootix)



How Obamacare shrinks the labor market

Here’s what happened. In its annual, 182-page Budget and Economic Outlook (http://www.cbo.gov/publication/45010), the CBO undertook an overhaul of the way it analyzes the effect of Obamacare on the job market. The new, larger estimate of the law’s negative impact on the labor force derives from three factors: (1) Obamacare’semployer mandate (http://www.forbes.com/sites/theapothecary/2013/07/11/its-time-to-repeal-obamacares-employer-mandate/), which will discourage hiring and reduce wages offered by employers; (2) Obamacare’s $1 trillion in tax increases (http://www.nationalreview.com/critical-condition/248846/ten-tax-increases-obamacare-avik-roy), which will discourage work and depress economic growth; and (3) the law’s $2 trillion in subsidies for low-income individuals, which will discourage many from remaining in the labor force.

Let’s focus on that last point, because it’s the one that has been the least-discussed in the media. In the past twelve months, a spate of research from academic economists has concluded that the health law, by offering economic benefits to low-income individuals, will disincentivize some of these individuals from continuing to work. Casey Mulligan of the University of Chicago has been particularly persuasive on this front, publishing (http://donaldhtaylorjr.files.wordpress.com/2014/01/average-marginal-labor-income-tax-rates-under-the-aca.pdf) two papers (http://www.nber.org/papers/w19366)with the National Bureau of Economic Research.

Suckers.

[DragonStryk72]

This is how you can tell how long it's been since Obama has ever worked a wage job. He's clearly out of touch with how people paid per hour are effected by the government. This was one of those things that I think we all pointed out was gonna happen, that companies weren't just going to suck it up and hurt their profits.

Truthfully, I kind of blame Republicans who were so busy at going at these giant extremist points, that they didn't address, and keep in the public's mind, the far simpler and straightforward arguments against it based on how the actual economy. They let the liberals frame the argument, making themselves look like conspiracy theorist loons in the process.