Stuck in part-time work or unemployed? Blame Obamacare
Finding out what’s in it: New data strongly suggests that this week’s very bad jobs report is the result of Obamacare.
The economic recovery since 2008 is the weakest since World War II. More people are out of the workforce than ever in history. And the number of people doing part-time work has skyrocketed. Wonder why?
Analysts at Goldman Sachs have noticed this trend for some time, and put the blame on Obamacare. “The evidence suggests that the [Affordable Care Act] has at least modestly elevated involuntary part-time employment,” Goldman Sachs economist Alec Philips wrote in a research note published on Wednesday. Obamacare had the greatest impact on industries that traditionally do not offer strong health insurance coverage, such as retail stores and the hospitality industry. Phillips noted that these have the highest levels of involuntary part-time workers, and believes that the ACA has forced “a few hundred thousand” to take cuts in hours or accept part-time work as a result.
In other words, businesses have had either two choices to avoid the unaffordable costs of Obamacare: stop hiring, or hire only part-time workers. The result has been a stagnant economy where workers are either making less or nothing at all.
Fortunately, come November we will have a real choice: Pick a Democrat who was part of the effort to bring us this law, or pick a Democrat who says he has changed but keeps saying things that suggest othewise! Ain’t that just grand?
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Finding out what’s in it: New data strongly suggests that this week’s very bad jobs report is the result of Obamacare.
The economic recovery since 2008 is the weakest since World War II. More people are out of the workforce than ever in history. And the number of people doing part-time work has skyrocketed. Wonder why?
Analysts at Goldman Sachs have noticed this trend for some time, and put the blame on Obamacare. “The evidence suggests that the [Affordable Care Act] has at least modestly elevated involuntary part-time employment,” Goldman Sachs economist Alec Philips wrote in a research note published on Wednesday. Obamacare had the greatest impact on industries that traditionally do not offer strong health insurance coverage, such as retail stores and the hospitality industry. Phillips noted that these have the highest levels of involuntary part-time workers, and believes that the ACA has forced “a few hundred thousand” to take cuts in hours or accept part-time work as a result.
In other words, businesses have had either two choices to avoid the unaffordable costs of Obamacare: stop hiring, or hire only part-time workers. The result has been a stagnant economy where workers are either making less or nothing at all.
Fortunately, come November we will have a real choice: Pick a Democrat who was part of the effort to bring us this law, or pick a Democrat who says he has changed but keeps saying things that suggest othewise! Ain’t that just grand?
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Related:
Oregon’s legislators are apparently a bit sickened by the real world projections that their own economists have delivered, AFTER they passed the bill! (they have applied the Nancy Peolsi method of governance and have received the knowable and logical results)
http://townhall.com/tipsheet/leahbarkoukis/2016/06/10/oregons-minimum-wage-hike-already-has-dems-admitting-they-made-a-mistake-n2176449
Feel good, BS, pandering legislation designed only to produce votes and to pander to the culture of dependency that now must be fed. These are not stupid people, these are weak people who’s self interest reveals itself in abuse of power that is the lowest of the low because they constantly do the worst for the people that they profess to “care” about. This is the height of disrespect and manipulation.
It’s Bush’s fault!