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If the demand wasnt decreasing then there wouldnt be a drop in the total number of hours worked
They would be replaced by other employees which would result in a 0% drop, not a 2% drop..
Simply changing who shows up for work, doesnt change the calculation of how many hours are being worked.
Were you ever alive in the 90's? Just wondering because when there werent enough workers around employers raised wages beyond minimum wage and offered 40 hour work weeks and benefits. You are locked into the $ menu at McDonalds. Typical Republican you only think for yourself.
Were you ever alive in the 90's? Just wondering because when there werent enough workers around employers raised wages beyond minimum wage and offered 40 hour work weeks and benefits. You are locked into the $ menu at McDonalds. Typical Republican you only think for yourself.
The report once again shows there will be a REDUCTION in labor in the amount of 2%, with a reduction in labor = a reduction in salaries, not an increase..
You do know that the number of baby boomers retiring will dwaf these numbers. What should the Tea Party do..lock the boomers up in shackles and take their SS and Medicare away? Ya gotta love a bunch of Tea Partiers on the dole complaining about people leaving the work force.
I heard on NPR that this reduction was going to be a result of people VOLUNTARILY leaving the work force... You know, like the millions of those who have already exited to labor force after two years of unemployment, where they are no longer statistically calculated. Typical Obama cheerleader rhetoric and spin.
But really, when Obama's gang of welfare pimps move in and wants to put food in your refrigerator while paying your rent, energy bills, healthcare costs, etc, NPR may really have a point. Why bother working?
The CBO report never once says those hours will be lost, it says these specific people will not work those hours, It does not predict whether or not someone else will pick those hours up of if it will be as you say "lost".
You were making an assumption, one that your source material does not do itself. That is the point I am trying to make.
in short, the CBO did not say it, you did.
Wrong..
The CBO says
"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive," said the report."
The TOTAL includes EVERYONE not just specific individuals.
"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive," said the report."
The TOTAL includes EVERYONE not just specific individuals.
Even by your own quote people are deciding to work less, not being forced to work less. So many people work jobs they hate or full time due to health insurance. So many people postpone retirement (even if they have the means to support themselves) because they cant get insurance and don't want to risk their health because they are uninsured or face financial ruin. And if this is the case, that labor will still be needed, correct? A shrinkage will allow people who want to work to have higher wages, because there is a shrinking pool of labor. The same demand of labor is there, but there is less supply of labor. Sounds like a win win for people who want to work
Even by your own quote people are deciding to work less, not being forced to work less. So many people work jobs they hate or full time due to health insurance. So many people postpone retirement (even if they have the means to support themselves) because they cant get insurance and don't want to risk their health because they are uninsured or face financial ruin. And if this is the case, that labor will still be needed, correct? A shrinkage will allow people who want to work to have higher wages, because there is a shrinking pool of labor. The same demand of labor is there, but there is less supply of labor. Sounds like a win win for people who want to work
Oh for the love of god
YOU deciding to work less, doesnt reduce the amount of work an employer has, so YOU deciding to work less, must normally be made up by other employees.
If you work 40 hours a week, and you DECIDE to work only 20, this doesnt mean the employer can function with only 20 hours of labor, they must then take on another employee to work 20 hours to make up the difference.
But thats not what the CBO says will take place, they said again
"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive," said the report."
Do you know what the word "NET" means?
The amount of workers will be REDUCED by 1.5-2%, and it doesnt matter one bit if its by choice of the employee or not. The net effect on the economy is the same. A reduction in employee hours is a reduction in employee hours, and negativelly impacts the economy if those hours arent being made up by others.
Add in less employees working, to now more handouts, and this does what to the budget?
Only when the obamabots run out of other peoples' money will they realize that there ain't no more free stuff to be had. Maybe then they will realize all their social engineering experiments don't work. But I doubt it.
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