Obamacare
http://thehill.com/policy/healthcare/262360-cbo-projects-2-million-fewer-jobs-under-obamacare
2 million jobs lost in the next 10 years.
Time to repeal and replace it.
Obamacare
http://thehill.com/policy/healthcare/262360-cbo-projects-2-million-fewer-jobs-under-obamacare
2 million jobs lost in the next 10 years.
Time to repeal and replace it.
Ahh, the classic TI wild accusation maneuver.
Your article suggests that many of the lost hours will come from older people retiring a little early. That's a far cry from Obamacare destroying millions of jobs as your first post suggested.
Also:
The CBO said its estimates were still based on uncertain evidence, citing, for example, that it does not know yet how people will respond to the work incentives created by the law.
So basically this is educated speculation.
Ok read
"ObamaCare will reduce work hours equivalent to 2 million jobs in the next decade amid a host of incentives not to work or to work less, a new Congressional Budget Office (CBO) report says -- the latest blow to President Obama’s signature health insurance plan.
The report estimates the Affordable Care Act, or ACA, will make the labor supply shrink by 0.86 percent in 2025. This amounts to a shrinkage equivalent to approximately 2 million full-time workers.
The nonpartisan CBO estimates that the decline will come primarily due to workers responding to changes made by the law to federal programs and tax policy. The agency points to the introduction of health care subsidies tied to income as a key factor -- which in turn raises effective tax rates as someone’s earnings rise, therefore reducing the amount of work Americans choose.
Ok, so it's saying these people won't *have* to work just for health care. Not exactly the worst thing ever, and it's just an estimate at that, personally I kinda doubt it.
And lemme note how Obama's other policies have done a good job at keeping us in job growth, much more than the alternative policies suggested at the time.
So thanks to Obama, we're in positive jobs (5.5% unemployment and still dropping) and with better health care.
Interesting information, not what I'd expect (after all, so-far Obamacare hasn't had a negative effect on jobs), but on balance, I'm still quite happy with his policies.
Yeah, I agree. If these are actually productive useful hours that the workers cut, there will be people taking their place, in fact lowering unemployment further (particularly youth unemployment which is considerably higher, over 10%. Young people benefit from older people retiring earlier or cutting back, as they get entry into the job market that is otherwise blocked).
Have faith in the free market, TI.
I seem to recall TI saying (maybe I'm misremembering) that he would like us to have true universal healthcare, and that he dislikes Obamacare because it falls well short of the mark. Assuming I'm correct in my recollection, I basically agree with him on that front. However, if that is his position, I'm not sure why he's so angry at Obama for trying this half-measure and not at the Republicans who make it their business to foil any attempt at something like universal healthcare.
Again, that's all if I'm remembering right about what TI said.