Monday, May 06, 2013

Obamacare is Deconstructing the Labor Market

The job report reveals (for those who bother to look) that Obamacare is deconstructing the labor market. The incentives are in place to move workers into the under 30 hour or temporary category . The cost of providing an approved policy will likely be well above the $2,000 tax imposed. Employers have a huge incentive to purge their businesses of scheduled workers with 30+ hour schedules, in order to avoid being classified as full-time in 2014. McKinsey surveys (so far) estimate that 30% of employees will drop coverage all together.
Read the compete article by Russ Winter at The Wall Street Examiner.

More health reform information on the Obamacare page.