CBO Report: Obamacare to cut work hours by equivalent of 2 million jobs

[brenthutch 444]

http://www.reuters.com/article/2014/02/04/us-usa-fiscal-obamacare-idUSBREA131B120140204

[RonD1120 62]

Who would've known? You can keep your plan and your doctor though.

Look for the shiny things of God revealed by the Holy Spirit. They only last for an instant but it is a Holy Instant. Let your soul absorb them.

[kallend 2,175]

Despite claims from Obamacare critics about the law's potential effects on hiring, CBO said the expected drop in work hours between 2017 and 2024 would result largely from worker decisions not to participate in the labor force, rather than from higher unemployment or the inability of part-time workers to find full-time hours.

"The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses' demand for labor," CBO said.

Why do you hate individual choice?

...

The only sure way to survive a canopy collision is not to have one.

[lawrocket 3]

What we hate is yet another program that provides an inducement for people to quit working and live off the dole. When people look at the numbers and say, "I'll net more money by doing nothing" then the relevant inquiry to me is, "where's the choice of those people who will be paying for 2.3 million more people?

Understanding, as I do, that this is yet another step toward liberal utopia.

My wife is hotter than your wife.

[brenthutch 444]

Makers to takers, got it.

[rehmwa 2]

kallend

"The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses' demand for labor," CBO said.

absolutely - hell, if we gave out housing, and food, and clothes, and skydives, and cars, and televisions, and internet, and .....

I'd probably decide to not work either.

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[weekender 0]

kallend

Despite claims from Obamacare critics about the law's potential effects on hiring, CBO said the expected drop in work hours between 2017 and 2024 would result largely from worker decisions not to participate in the labor force, rather than from higher unemployment or the inability of part-time workers to find full-time hours.

"The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses' demand for labor," CBO said.

Why do you hate individual choice?

why are people choosing to not supply labor? it could be because they are discouraged.

from a WSJ column:

CBO's conclusion is that ObamaCare will encourage people to supply less labor by deciding not to take a job or by working fewer hours. The law's insurance subsidies are gradually taken away as income rises, "creating an implicit tax on additional earnings," the CBO observes.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[brenthutch 444]

lawrocket

liberal utopia.

http://www.politifake.org/image/political/1302/liberals-whine-battaile-politics-1360363371.jpg

http://maddmedic.files.wordpress.com/2013/06/utopia.jpg

[weekender 0]

yea, im replying to myself. in my defense, i find i am the most interesting person here.

NYT feels this is a good thing because it allows people the freedom to leave a job they did not want or work less than they wanted. i suppose there are those lucky few who have plenty of money but no insurance. it really seems like a stretch to me and i feel the NYT will say anything to defend The President. just my 2 cents.

from the NYT editorial

thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums — many workers who felt obliged to stay in a job that provided health benefits would now be able to leave those jobs or choose to work fewer hours than they otherwise would have. In other words, the report is about the choices workers can make when they are no longer tethered to an employer because of health benefits.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[normiss 905]

Sorry, I stopped reading with that first sentence.

[Rick 67]

weekender

thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums — many workers who felt obliged to stay in a job that provided health benefits would now be able to leave those jobs or choose to work fewer hours than they otherwise would have. In other words, the report is about the choices workers can make when they are no longer tethered to an employer because of health benefits.

they don't have to work as much because someone else is picking up the tab

You can't be drunk all day if you don't start early!

[kallend 2,175]

lawrocket

What we hate is yet another program that provides an inducement for people to quit working and live off the dole.

I plan to leave my job soon and live off what you call "the dole".

Why do you hate senior citizens?

...

The only sure way to survive a canopy collision is not to have one.

[weekender 0]

normiss

Sorry, I stopped reading with that first sentence.

because i made a lame joke? id say the rest of my post was quite mature but whatever. tough room.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[Andy9o8 3]

The Chicken Littles are - so predicatbly! - saying this will bring to the surface a whole new cohort of people who will be lazy-ish because they no longer have to rely on F/T employment for health coverage. Of course, the logical extension of that reasoning would have to presuppose that, compared to the US, that pervasive laziness is already the rule and not the exception in every OTHER modern, affluent industrialized nation on Earth, since the US is the only nation in that category that does not already have a universal national health care program. Show me the evidence that that's really the case, and I'll listen. Until then, I'm not impressed with the argument.

[brenthutch 444]

We need to add a tongue-in-cheek emoticon.

[brenthutch 444]

Ever been to France?

[Andy9o8 3]

Yep, and I also understand the technique of cherry-picking. That's why I made a point of phrasing my post broadly enough that cherry-picking would be non-responsive.

[lawrocket 3]

Of course, the other side of that sword is that America has been the exception and done things differently from everyone else. The exception is exceptional.

Do we want to be like others? Yep. Follow, don't lead.

My wife is hotter than your wife.

[Andy9o8 3]

Pffft. Sloganeering.

Show me the goods.

[brenthutch 444]

Now where is that tongue-in-cheek emoticon? But since you bit..., how about Italy, Spain, Portugal, Greece, Belgium?

[brenthutch 444]

Andy9o8

Pffft. Sloganeering.

Show me the goods.

Plate of goods coming up....

Per Capita GDP USA-$51,704
Per Capita GDP EU $31,571

Figures are from the IMF for 2012

[Andy9o8 3]

brenthutch

***Pffft. Sloganeering.

Show me the goods.

Plate of goods coming up....

Per Capita GDP USA-$51,704
Per Capita GDP EU $31,571

Figures are from the IMF for 2012

http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?order=wbapi_data_value_2012+wbapi_data_value+wbapi_data_value-last&sort=asc

2009 2010 2011 2012
------------------------------------------------------
United States 46,999 48,358 49,854 51,749

Canada 39,659 46,212 51,554 52,219

Sweden 43,640 49,360 56,755 55,041

Denmark 56,227 56,486 59,889 56,326

Australia 42,551 51,746 62,126 67,556

Switzerland 65,790 70,370 83,087 78,925

Norway 78,457 86,156 99,143 99,558

Luxembourg 99,282 102,009 111,813 103,828

[rushmc 23]

Hardly surprising
Just more democrat lies (regarding the ACA anyway)
http://pjmedia.com/tatler/2014/02/04/nancy-pelosi-promised-obamacare-would-create-4-million-jobs-um-about-that/

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[brenthutch 444]

Now who is cherry picking?

[Andy9o8 3]

brenthutch

Now who is cherry picking?

That's silly. I linked the entire chart. Using simply the aggregated EU is artificial. Each country has its own health plan, and its economy is not 100% synonymous with the aggregate EU economy. Compare as many industrialized countries to the US as you wish. I stand by my point.