Saturday, August 31, 2013

ObamaCare looks back on job destruction

ObamaCare looks back on job destructionIn the course of an excellent Forbes article about the hard facts of America’s transformation into a “part-time nation,” Grace-Marie Turner drops a bombshell about the illegal delay of the ObamaCare employer mandate… which turns out to have been a cheap political stunt, in addition to a violation of the Constitution.
First, the icy statistical truth of Waiter and Waitress America:
An avalanche of “anecdotes” continues to pile up as workers across the country are having their hours cut and their health benefits slashed across a broad range of industries. 
Loren Goodridge, the owner of 21 Subway franchises, says he has no choice but to cut the hours of his employees to 29 a week to avoid the law’s penalties. 
The negative effects of the law reach the education industry as well. St. Petersburg College, a public university in Florida, is reducing the hours of 250 faculty members because the college says it cannot afford to provide them with health insurance. 
Joseph Hansen, the president of the United Food and Commercial Workers Union that originally supported the law, says the health law will have a “tremendous impact as workers have their hours reduced and their incomes reduced.”. 
Bureau of Labor Statistics data show that the ratio of part-time to full-time jobs has completely flipped this year from historical trends. Last year, six full-time jobs were created for every one part time job. This year, only one full-time job is being created for every four new part-time jobs.
So much for the last-ditch Obama apologist tactic of claiming this was all just over-hyped anecdotal evidence from hateful small business owners, who were either making things up, or using ObamaCare as an excuse to go on the job-killing rampage they’d been dreaming about for years. Four part-time jobs for every full-time job? Dear God.

Via: Human Events

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