Bad and getting worse

http://www.bloombergview.com/articles/20...g-disaster

Quote:The law’s negative effect on labor markets helps explain why it will increase deficits by $131 billion over the next 10 years. This finding stands in stark contrast to Democrats’ repeated assertions that the law will reduce the deficit.

The public dialogue on Obamacare has thus far largely focused on how the law affects premiums and limits access to certain health insurance plans or doctors. While these side-effects are troublesome, it is perhaps more significant that Obamacare has had -- and will continue to have -- a substantial impact on labor markets, jobs and the budget picture.

Obamacare appears to affect employment in two ways: It decreases the supply of labor (the number of people in the labor market), as well as the demand for labor (the number of jobs available). This phenomenon was aptly named the “health care employment squeeze” in a study released by the American Health Policy Institute last month. In short, Obamacare creates an employment double whammy: The cost to many employers of hiring workers goes up, since those with more than 50 employees have to provide increasingly expensive health care, while employees’ incentives to work go down, because they can get federal subsidies to buy insurance outside the workplace.

In February 2014, the Congressional Budget Office released a helpful estimate quantifying the supply-side employment impact of Obamacare. The report concluded that by 2024, the equivalent of 2.5 million full-time workers would leave the labor force because of Obamacare.

Something about unintended consequences............

Human nature almost always prevails. The people that do the hiring don't want to see profits go down - and a large number of people decide that sitting on the couch trumps working so long as the government "subsidy" will fund them.

Who knew?

And yet the unemployment rate continues to drop.

(10-16-2014 11:50 AM)Fitbud Wrote:  And yet the unemployment rate continues to drop.

If you have had any contact with any unemployed people you know that number is a farce.

(10-16-2014 11:54 AM)VA49er Wrote:  

(10-16-2014 11:50 AM)Fitbud Wrote:  And yet the unemployment rate continues to drop.

If you have had any contact with any unemployed people you know that number is a farce.

I'm sure fit has all sorts of contact w/ unemployed people.

I think there's a big political risk here. Administration keeps touting how well things are going, but out in the real world people know how badly things suck. At some point the person who's been unemployed or underemployed for five years says, f*** them.

(10-16-2014 11:50 AM)Fitbud Wrote:  And yet the unemployment rate continues to drop.

......and you know the reason is because people that give up and quit trying aren't counted in the numbers. Those folks that decided to sit on the couch voluntarily aren't considered "unemployed".

The labor participation rate is still in the dumper and that means less folks contributing to society or the government coffers, etc.

But you knew all this.............. yet are still are trying to throw out a number that that doesn't refute the original topic.

Obama water carrier.

(10-16-2014 11:50 AM)Fitbud Wrote:  And yet the unemployment rate continues to drop.

Bless your heart.

(10-16-2014 12:55 PM)JMUDunk Wrote:  

(10-16-2014 11:50 AM)Fitbud Wrote:  And yet the unemployment rate continues to drop.

Bless your heart.

No Bless your heart. You seem unwilling to even accept positive news.

(10-16-2014 01:16 PM)Fitbud Wrote:  

(10-16-2014 12:55 PM)JMUDunk Wrote:  

(10-16-2014 11:50 AM)Fitbud Wrote:  And yet the unemployment rate continues to drop.

Bless your heart.

No Bless your heart. You seem unwilling to even accept positive news.

Always look behind the numbers.

(10-16-2014 01:16 PM)Fitbud Wrote:  

(10-16-2014 12:55 PM)JMUDunk Wrote:  

(10-16-2014 11:50 AM)Fitbud Wrote:  And yet the unemployment rate continues to drop.

Bless your heart.

No Bless your heart. You seem unwilling to even accept positive news.

That's simply not true, I'll accept positive news anytime it is available.

So, educate me, teacher- How is the unemployment rate "positive news"?

I'm new to this stuff so please explain in as much detail as you can. Thanks in advance.