One of the factors widely believed to have contributed to the current income inequality is the move from low-skill to high-skill jobs. New research asserts that Obamacare will only exacerbate income inequality by pricing less skilled workers out of full time jobs.
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“President Obama’s health care law requires employers to offer health benefits to full-time employees. This employer mandate will price many unskilled workers out of full-time employment.
After paying the new health premiums, the minimum wage, payroll taxes, and unemployment insurance taxes, hiring a full-time worker will cost employers at least $10.03 per hour. Full-time workers with family health plans will cost $13.75 per hour. Employers who hire workers with productivity below these rates will lose money. Businesses employing less skilled workers will probably respond by dumping their employees onto the federally subsidized health care exchanges and replacing full-time positions with part-time jobs.” [Emphasis mine].
Read the research about what this will do to less skilled workers here.
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it is almost insane to have read this.
why don’t politicians do benefit analysis b4 implementing policy ?
it seems if we are to get on track then we must start from the ground up.
that means reforming education for starters
absolutelyno question that obamacare will reduce employment.
Its like Obamalibs say “screw you business, you ARE PAYING FOR EVERYBODY, SCREW YOU, YOU HEAR ME, SCREEEEEWWWWWW YOOOOOUUUU!”
And then sit back, comfortable in their evening robe, warm under their favorite blanket, and beam with pride over “winning one for the little guy”
But the fact of the matter is that the net result will be businesses being much more cautious to hire. AFter all, if each hiring is more expensive then it is a bigger undertaking and a bigger risk, and must be entered into less lightly. similarly a rise in jobs not qualified for obamacare should be seen, like part time jobs etc.
Raise the minimum wage to $30/hour, what happens? Income equality? No, huge losses of jobs.
“We are the ones we’ve been waiting for!”