Category Archives: Jobs
Top hits on a quick search for info about reactions to an employment item in the most recent CBO report on the Patient Protection and Affordable Care Act.
- Forbes, the plutocrats’ must-read magazine, calls the ACA a “tax on work.” Whatever that odd characterization might mean (stop for a moment and think about it), it suggests the ACA will hurt workers. The CBO’s 2.3 million grows to 2.5 million.
- Politifact lowers the number to 2 million, but they say these are 2 million full-time jobs that will be cut.
- Wa-Po sticks with the 2 million number, and acknowledges that workers will voluntarily retire or reduce their hours.
- Reuters too goes with the 2 million figure, but they do acknowledge that this is an equivalency. They say “Obamacare [will] cut work hours”. They don’t explain WTF that means.
- Forbes tries again! They stick with 2.5, and they change “cut full-time workforce” to “reduce employment.”
- The Hill rounds up to 2.5 million, and says, “O-Care will cost 2.5 million workers.” They do modify that to “reduce worker hours,” and they do acknowledge the reductions will be voluntary.
- Fox is very clever. They say that “ObamaCare creates a ‘disincentive’ to work.” The cleverness is that they put this issue in a much wider context. Think about it. Why is SNAP bad? Creates a “disincentive to work. Why is unemployment insurance bad? Disincentive to work.
- Politifact repeats the same tune, apart from raising the figure from 2 million to 2.3 million.
- The Washington Times says Obamacare will “push 2 million workers out of the labor market.” They do acknowledge the reduction will be voluntary.
So what exactly did Director Elmendorf say?
Eric Cantor, House Majority Leader heard him say this:
But here’s what he actually said:
Quite a difference!
Amidst all this back and forth, keep your focus on availability of work, not on who’s doing the work.
I retired in 2009. That meant I was gone, but it did not mean my job was gone. It meant there was an opening for someone else.