Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
the equvilant of 2.3 million full time jobs being lost..
2.3 million jobs * 40 hours a week = 92,000,000 hours per week lost.
And as of December 31, 2013 that would mean...
2.3 Million * $84.01 = $193,223,000 in lost FICA tax revenues per week
or $10,047,596,000 ($10 Billion) annually.
But then who cares....you all were only $9.8 Billion short in December for OASI and $3.5 Billion short for OADI in December.
$10 Billion is chump change.....you can find that anywhere.
Quote:
Originally Posted by AlabamaDem
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.
in·fer·ence
ˈinf(ə)rəns/ noun
noun: inference; plural noun: inferences 1.
a conclusion reached on the basis of evidence and reasoning.
Quote:
Originally Posted by pghquest
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.
Quote:
Originally Posted by cxr89
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
There are 1,539 separately functioning economies in the united States.
A clerical worker in Indiana does not compete against a clerical worker in Texas.
You do remember those, do you not? Those are States? Right?
A clerical worker in Lawrenceburg, Indiana does not compete against a clerical worker in Gary, Indiana.
In fact, it is possible, even likely, that a clerical worker in Ohio County, Indiana does not compete against a clerical worker in adjacent Dearborn County, Indiana.
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
The whole point of cutting ones hours is to get subsidies.
To think they will earn more, completely disputes the CBO report..
Furthermore, a reduction in labor demands, would reduce salaries, not increase them. If the same demand for labor was there, the net effect would be 0 job changes, not a negative 2.3 million of them.
Dont like the results, take it up with the CBO..
All your posting is talking points coming from the adminsitration which make absolutely no sense in response to the report.
Something taken for granted or accepted as true without proof.
Show me the line where the CBO said those jobs would not be replaced and then you can use the word inference.
If those jobs were going to be replaced, there wouldnt be a negative net job loss.. it would be neutral.. The CBO very clearly says NET loss of 1.5% - 2%..
The main reason is that lower income people will choose to accept government handouts rather than work additional hours to support themselves. Just one more instance of the government rewarding laziness and sloth at the expense of those willing to work.
Of course Obama is in high damage control, spitting out more lies and half-truths.
And notice that in the SOTU speech, Obama brought up the "need" to eliminate many immigration laws and reward all those coming illegally because supposedly we need millions of cheap foreign workers.
Then later in the speech, Obama said we have to keep giving unemployment handouts to Americans.
Anther firm nail in the coffin for Obama Care. This is a running train wreck that keeps on piling up. This was a bill that was passed in the Mid Night hour and the Dems never sought Rep buy in . Makes me wander who actually wrote this wrote this bill with many Dems never read before they voted on Obama Care?
The proof is right there folks. Over budget ,poorly executed and the end result has not been reached . Universal care for all, at an afford price!
Your own link says there will be a loss of 2.5M jobs
The only difference is, it goes on to suggest thats ok because people will quit thereby reducing the unemployment rate, because they will leave the job market TO COLLECT WELFARE..
Hey mr bob.. according to your argument, the US Government should give every american $1M and we should applaud it because people will quit their jobs and thats a good thing..
tell me Mr Bob.. WHY ARENT THEY GOING TO BE REPLACED BY OTHERS?
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.
Oh, goody, higher wages, and for what? So they can afford to pay people not to work increasing the number of parasites isn't good and decreasing the number of hosts is bad. Maybe they'll all report their etch-a-sketch drawings for GDP purposes.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
