Obamacare causes huge decrease in job growth as employers aim to avoid penalties
by: Jonathan Benson
Sunday, April 21, 2013
As the nation gears up to usher in some of the first installments of Obamacare, job growth appears to be grinding to a halt, particularly within the small business sector, according to new reports. An expert economist analyzing the latest employment figures says the rapid decrease in job growth that has been taking place over the past few months is a direct result of employers’ hesitancy concerning not only the requirements of Obamacare, but also the penalties for non-compliance.
Many experts have been warning for years that the implementation of Obamacare would result in decreased job growth and job losses. But because the issue became a highly-politicized “left-right” debate, many people did not take the issue seriously, even though its implications affect everyone negatively regardless of their individual political persuasions.
“I think health care reform might be having an impact,” explained economist Mark Zandi during a recent segment on CNBC about current job growth trends. “Those companies with employees (totaling between) 50 to 499 — that’s the group that would be affected by the health care reform — we’ve seen a rather sharp slowing in job creation. Forty-three thousand in January; 20,000 in February; and minus-5,000 in March.”
Obamacare has already resulted in negative job growth — companies are continuing to shed employees just to stay in business