Mr. President, ObamaCare Is Creating A Part Time Economy

President Obama’s recent pivot yet again to the economy has caused Americans to wonder why we remain in an economic rut.

Although there are signs of improvement, why is our country's growth so sluggish and unemployment rate still high?

A closer look at the June jobs numbers reveals a grave problem that is flying somewhat under the radar. And Friday’s unemployment announcement will most likely reveal the same problem.

The June unemployment rate remained unchanged from the previous month at 7.6 percent, but the June underemployment rate, which includes those who have stopped looking or settled for part-time work, rose sharply from 13.8 percent to 14.3 percent.

This is partly due to the transition of employment from full-time to part-time, as the private and public sectors are forced into the perilous compliance standards of the president’s health care law.

Small businesses are a primary creator of jobs and the employer of half of all private sector employees. So, when analyzing this new part-time pattern, a look at the small business role in this trend is in order.
By and large, small companies don’t want to settle for part-time employees over full-time positions. But for many, hiring part-time employees is simply their only solution for staying in business.

The health care law forces businesses to offer health insurance to full-time workers. Surprisingly, the law defines full-time as just 30 hours a week or more. Contrast this with the fact that the average American non-farm worker puts in just over 35 hours a week.

Therefore, to remain viable, many companies and governments, like the state of Virginia for example, have been forced to cap part-timers’ hours in anticipation of the mandate.

While the administration recently delayed this requirement for one year until January 2015, many organizations had already adjusted their operations before the announcement of the delay, and some organizations are choosing to make workforce changes now rather than delay the inevitable.

Consider what small business owners have told the Small Business Committee. William J. Gouldin, Jr., president of a floral company in Richmond, Virginia, testified during an April hearing on how small businesses were complying with the health care law.

Via: Fox News

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