Obamacare -- Bad for Employers, Bad for Employees
Obamacare isn’t just reducing workers’ pay — it’s putting them out of work. The AAF study concludes that the law’s regulations and increased premiums are likely responsible for American employers having shed more than 350,000 jobs. California, Florida, New York, Ohio, and Texas have each lost more than 20,000 jobs, thanks to Obamacare.
Killing jobs and reducing pay is bad enough. But another report, from the American Health Policy Institute, finds that Obamacare will also shrink the labor force by reducing incentives to work.
Harvard Professor Greg Mankiw estimates that a marginal tax hike like that will reduce the labor supply by 5 percent.
The labor force participation rate is already at its lowest point since 1978. Just 62.8 percent of able-bodied adults are working or looking for a job.
Fewer workers mean fewer taxpayers — even as more people become dependent on the government handouts that those taxes pay for.
brilliant!
http://www.forbes.com/sites/sallypipes/2014/10/06/obamacare-bad-for-employers-bad-for-employees/2/