Obamacare forces American workers into ‘part-time society’ as full-time jobs are slashed everywhere
by: J. D. Heyes
Wednesday, July 24, 2013
What was sold to the American people as the greatest reform of the U.S. healthcare system in our history is turning out to be the biggest contributing factor destroying the greatest economy in the history of the planet.
At a time when unemployment remains unacceptably high (7.6 percent in June, up from lows of 4-5 percent in 2004-2006), Obamacare is putting even more downward pressure on hiring, leaving American workers stuck in cycles of unemployment or underemployment.
The “reform” law contains what is known as an “employer mandate” – it requires employers with 50 or more full-time employees to provide them with expensive health insurance coverage (and wasn’t the law supposed to reduce the cost of health insurance?). As a way to avoid having to incur this huge new expense, many employers are simply firing employees or reducing their work hours to part-time status. Mind you, most companies that are trying to avoid the mandate are doing so to stay in business, not to be lousy to employees. They figure that offering someone part-time employment is better than having no job at all. But the bottom line is, of course, their bottom line – without the additional revenue to cover the new mandate, adjustments have to be made if they are to remain in business.