THE LIE THAT WONT DIE: Obamacare is turning the U.S. into a part-time employment country. There is anectdotal evidence that some companies are or will reduce the hours of some employees. But those individual instances fail to make a case of moving to a part-time employment country. Government numbers actually show that the fraction of part-timers in the workforce has declined since 2010 and in a longer historical perspective, the share of part-timers was less during this recession than in the downturn of 1983. The argument that the delay of the employer mandate boosted full-time hires is suspect. We see the same trend in previous years well before President Barack Obama was elected. An independent analysis suggests that THE LACK OF FULL-TIME WORK IS THE MOST SIGNIFICANT EXPLANATION for a persistently high share of part-time work in the labor force.
Posted on: Wed, 23 Oct 2013 02:34:37 +0000
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