The Daily Caller contends in a recent report on its web page(s) that “Obamacare is hiding in plain sight as a cause of the slow recovery.” This account by John R. Graham, additionally claims, employers continue to reduce employment opportunities, in response to adverse impacts of the Affordable Care Act. Also according to The Daily Caller, a recent survey of employers by the New York Federal Reserve inquired specifically about Obamacare business impacts. Commercial respondents, 20 percent, anticipate increasing – – proportionally – – the number of part-time workers. However, only 5 percent expect to hire relatively fewer part-timers; 22 intend to implement wage cuts, as well as benefits reductions. Also according to the New York Fed, as outlined by the Daily Caller, 68 percent of businesses polled are planning reductions in healthcare services covered.
A ninth grade English teacher in Colorado plans to quit her job. Karen Wilmus of Colorado Springs found health plans under the state’s exchange for approximately $300.00 monthly. This beats her current employer’s sponsored coverage by 50% (less). Is Wilmus’ move a predictor of things to come? Conceivably, millions could quit their jobs or at least cut back their hours, effectively reducing the nation’s labor force by 2.5 million workers by 2024. Leaving a job or working less under the Affordable Healthcare Act enables workers to retain Medicaid eligibility or subsidies.
This has sparked renewed opposition to health reform due to concerns about its adverse economic impact.
Wilmus plans to start a business publishing materials for those trying to improve their literacy.
She expects to work more than she is now and even hire a small staff.
The author testified before Congress that Obamacare will reduce employment in America, particularly for low-skill workers, because employers face a higher cost of labor. Whenever possible, firms will substitute high-skill for low-skill labor, part-time for full-time workers, machinery for people, and refrain from hiring a 50th worker, which can make them liable for penalties.