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August 21, 2013

Reuters: Obamacare is hurting economy and creating nation of part-time, mostly low paid, workers

Topics: Political News and commentaries

part time help wanted.jpg
To be clear, Obamacare does have some good points. On the other hand, its bad points far outway the good points.

And now we have even Reuters beginning to tell the truth:

U.S. businesses are hiring at a robust rate. The only problem is that three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid.

Faltering economic growth at home and abroad and concern that President Barack Obama's signature health care law will drive up business costs are behind the wariness about taking on full-time staff, executives at staffing and payroll firms say.

Employers say part-timers offer them flexibility. If the economy picks up, they can quickly offer full-time work. If orders dry up, they know costs are under control. It also helps them to curb costs they might face under the Affordable Care Act, also known as Obamacare.

This can all become a less-than-virtuous cycle as new employees, who are mainly in lower wage businesses such as retail and food services, do not have the disposable income to drive demand for goods and services.

More HERE.

One would think that the Democrats and the Republicans could come together and agree to something like commonsense health care reform that would lower costs and increase access and quality at a price our country can afford ... while including the few popular items in Obamacare.

After all, we supposedly sent the politicians to Washington to serve the interests of the American people ... not radical idiologically-based political agendas such as "fundamentally transforming America".

Posted by Hyscience at August 21, 2013 7:37 AM



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