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ObamaCare Wrong Prescription for Job Creation
Recent jobs data suggest that too many Americans are struggling to find full-time work. The October jobs report underscores the challenge facing many of those looking for full-time employment, noting that 8.3 million Americans were employed part time “for economic reasons” last month. As the report cites, “These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.”
That number is about to climb even higher as a new mandate in the Democrats’ health care law takes effect. Beginning in 2014, many employers will be mandated to either provide government-approved health insurance or pay a fine for each full-time equivalent employee (the health care law defines a full-time employee as anyone working more than 30 hours a week). According to key excerpts (below) from this morning’s Wall Street Journal, employers have responded to the mandate by replacing once full-time positions with part-time positions or increasing part-time employment.
It’s tougher to find full-time work. It’s tougher for employers and employees to afford health insurance. It’s just plain tougher in an Obama economy.