How to kill jobs
By Tom Quiner
The Obama administration touted last month’s news that 288,000 new jobs had been created.
Good news? Not when you dig just a little bit deeper. Full time jobs dropped by 523,000 jobs. Part time jobs increased by 800,000, which accounts for the net gain of 288,000 jobs.
Why has part time employment increased since Obama became president, while full-time employment erodes? Obamacare.
Obamacare creates perverse job-creation incentives, by requiring companies with 50 or more full-time employees to provide health insurance. Or in other words, it creates incentives to reduce hours for full-time employees to reduce the cost of hiring employees, while eliminating full time employees.
The National Center for Policy Analysis calculated the cost of Obamacare to employers. It comes out to about $6 PER hour. We hear a lot of talk about the minimum wage. The’ health minimum wage’ is another variable which suppresses job creation.
How do you kill jobs? You let government increase the price tag on the cost of hiring new employees, as Obamacare has done. Under Obamacare, we’ve got to be realistic. We’re just not going to be as well off as we used to be. That’s the price tag for government meddling.
That’s why this “economic recovery” has been the worst postwar recovery ever, courtesy of the Democratic Party.