"The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024."
and...this is what most media outlets missed:
"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 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."
So no, it's not 2.5 million jobs. Workers, especially low wage, will choose to supply less labor, but the business demand for labor will stay the same.
Unfortunately this number does not include the number of FTEs who have already seen a reduction of hours. They probably don't teach this in the classroom, and you rarely hear it from either side of the aisle or reported in the "news", but many companies have been working on their FT/PT ratios since the affordable car act was announced. Our company started making the change back in 2011. At one time you used to be able to roll your P/T employees from 31-40 hours as long as their avg did not go above 32hrs/per week for a rolling period. I know several companies who have set a hard line of 28hrs for their P/T employees. So there are a lot of folks who have lost anywhere from 12-40 hours of employment per month.
The majority of my P/T work force is made up of students (parents coverage), spouses (family coverage) or active duty military/retired military (already covered) who would trade hours for medical coverage any day of the week.
So you are correct, the number is false. I would say it should be closer to 3.5m FTEs who have been effected by this since it was first talked about.
There is no question our health care system needed to be fixed, but Obamacare is just making things worse in the real world.
You play EA Sports NCAA Football 2014 and tailgate in the zone. No one believes you run a business. Nice try.
Great response.
That's OK, your generation is lost already and I have given up hope. Just continue to soak up all that propaganda from your profs who most likely haven't spend 1 day working in the REAL world.
"The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024."
and...this is what most media outlets missed:
"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 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."
So no, it's not 2.5 million jobs. Workers, especially low wage, will choose to supply less labor, but the business demand for labor will stay the same.
Unfortunately this number does not include the number of FTEs who have already seen a reduction of hours. They probably don't teach this in the classroom, and you rarely hear it from either side of the aisle or reported in the "news", but many companies have been working on their FT/PT ratios since the affordable car act was announced. Our company started making the change back in 2011. At one time you used to be able to roll your P/T employees from 31-40 hours as long as their avg did not go above 32hrs/per week for a rolling period. I know several companies who have set a hard line of 28hrs for their P/T employees. So there are a lot of folks who have lost anywhere from 12-40 hours of employment per month.
The majority of my P/T work force is made up of students (parents coverage), spouses (family coverage) or active duty military/retired military (already covered) who would trade hours for medical coverage any day of the week.
So you are correct, the number is false. I would say it should be closer to 3.5m FTEs who have been effected by this since it was first talked about.
There is no question our health care system needed to be fixed, but Obamacare is just making things worse in the real world.
You play EA Sports NCAA Football 2014 and tailgate in the zone. No one believes you run a business. Nice try.
Great response.
That's OK, your generation is lost already and I have given up hope. Just continue to soak up all that propaganda from your profs who most likely haven't spend 1 day working in the REAL world.
"The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024."
and...this is what most media outlets missed:
"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 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."
So no, it's not 2.5 million jobs. Workers, especially low wage, will choose to supply less labor, but the business demand for labor will stay the same.
Unfortunately this number does not include the number of FTEs who have already seen a reduction of hours. They probably don't teach this in the classroom, and you rarely hear it from either side of the aisle or reported in the "news", but many companies have been working on their FT/PT ratios since the affordable car act was announced. Our company started making the change back in 2011. At one time you used to be able to roll your P/T employees from 31-40 hours as long as their avg did not go above 32hrs/per week for a rolling period. I know several companies who have set a hard line of 28hrs for their P/T employees. So there are a lot of folks who have lost anywhere from 12-40 hours of employment per month.
The majority of my P/T work force is made up of students (parents coverage), spouses (family coverage) or active duty military/retired military (already covered) who would trade hours for medical coverage any day of the week.
So you are correct, the number is false. I would say it should be closer to 3.5m FTEs who have been effected by this since it was first talked about.
There is no question our health care system needed to be fixed, but Obamacare is just making things worse in the real world.
You play EA Sports NCAA Football 2014 and tailgate in the zone. No one believes you run a business. Nice try.
Great response.
That's OK, your generation is lost already and I have given up hope. Just continue to soak up all that propaganda from your profs who most likely haven't spend 1 day working in the REAL world.
The real world during Global Warming...
Not obvious enough? It's the real world of Middlebury, Vermont.
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