EnduringSense

“The price of apathy towards public affairs is to be ruled by evil men.” Plato

  • Daily Quote:

    "Intolerance is itself a form of violence and an obstacle to the growth of a true democratic spirit."

    Mahatma Gandh

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 95 other followers

  • Subscribe

Obamacare Cutting Employee Hours According to NBC News

Posted by Steve Markowitz on August 19, 2013

 

Up until recent weeks those that opposed Obamacare were called obstructionists or worse.  That dog no longer hunts with unions and now the mainstream media criticizing Obama’s signature legislation.

NBC News Myers and Carroll Ann Mears report in Businesses claim Obamacare has forced them to cut employee hours that employers countrywide are announcing cuts to workers’ work weeks to under 30 hours in order to be exempted from the burdens (costs) of Obamacare.  The report offers examples of employers cutting workers’ hours and the economic burdens such cuts mean for the employees.

When asked about the unintended consequences of Obamacare, the chairman of the president’s Council of Economic Advisors, Jason Furman, said: “We are seeing no systematic evidence that the Affordable Care Act is having an adverse impact on job growth or the number of hours employees are working. … Since the ACA (Obamacare) became law, nearly 90 percent of the gain in employment has been in full-time positions.”  Furman may be referring government workers, but not the real world.

Collaborating NBC’s findings, Joseph Hansen, president of the United Food and Commercial Workers union with 1.2 million members says: “It is happening. Wait a year.  You’ll see tremendous impact as workers have their hours reduced and their incomes reduced.  The facts are already starting to show up.  Their statistics, I think, are a little behind the time.”  In addition, NBC interviewed 20 small businesses throughout the United States and found that almost all will cut hours for some employees.

The coming train wreck that is Obamacare should only be a surprise to those who did not take Economics 101.  You cannot add millions to health care coverage without raising costs substantially.  Obama’s statement otherwise either was disingenuous or indicates a complete lack of understanding of basic economic concepts.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: