John Boehner Says President Barack Obama’s health care law is expected to destroy 2.3 million jobs. Boehner’s use of the word destroy mischaracterizes what is going on, since the reduction will come from voluntary actions by workers, rather than layoffs by employers. The law would not push up unemployment. In fact, some people at the low end of the wage ladder would find it easier to find work as a result of the predicted shifts in the workforce. In addition, it’s misleading to refer to 2.3 million jobs, since CBO combined all incremental losses of hours worked into full-time-job equivalents. Under this scenario, we would expect many more than 2.3 million people to be affected, but many of them would cut their hours a few at a time, rather than quitting their jobs entirely. It can be easy to miss the distinction between jobs and workers -- and the CBO report is not all rosy for the nation’s economic future. But Boehner’s statement remains flawed.
Posted on: Wed, 21 Jan 2015 11:58:33 +0000
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