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Old 02-04-2014, 08:36 AM  
Cochise Cochise is offline
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CBO: Obamacare will push 2 million workers out of labor market

Obamacare will push 2 million workers out of labor market: CBO
By Stephen Dinan -The Washington Times
Tuesday, February 4, 2014

Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office.

That’s a major jump in the nonpartisan budget agency’s projections and it suggests the health care law’s incentives are driving businesses and people to choose government-sponsored benefits rather than work.

“CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor — given the new taxes and other incentives they will face and the financial benefits some will receive,” CBO analysts wrote in their new economic outlook.

The scorekeepers also said the rollout problems with the Affordable Care Act last year will mean only 6 million people sign up through the state-based exchanges, rather than the 7 million the CBO had originally projected.

But over the long run, Obamacare will eventually catch up and by 2020 only about 30 million people will be without insurance coverage — down from 45 million this year. That will mean about 92 percent of legal U.S. residents without guaranteed access to Medicare will have insurance coverage.
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Old 02-06-2014, 06:48 AM   #46
Loneiguana Loneiguana is offline
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Originally Posted by patteeu View Post
No it doesn't. Even if it only effects 8% or 1% of the welfare receiving population, the effect is real. But the truth is that it effects people within that 92% too, because some of the people impacted are working but not working at full capacity due to disincentives in the various programs. But again, the number of people impacted is not the issue.
Got any evidence that people accept less money just to qualify for government help.

Because that is stupid.

This is basically an argument in favor of poverty. You are arguing that increased happiness and wealth is a bad thing, because it makes people want to work less. Tell me where I'm wrong here. Do you also believe that bosses should never give raises, since that increased wealth to the worker incentivizes them to retire earlier?

Your argument is perverse. You're quite literally arguing for the poverty of the working class, because anything which benefits them disincentivizes work and hurts the economy. If there's an exception to this rule you've laid out, you haven't stated it yet.
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Last edited by Loneiguana; 02-06-2014 at 06:57 AM..
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Old 02-06-2014, 06:51 AM   #47
Loneiguana Loneiguana is offline
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Originally Posted by patteeu View Post
If you could work 30 hours per week and get the same after tax, after health insurance, after subsidy take home pay as you'd get working a full time job, wouldn't you? What if your take home pay was 99% of your full time pay? How about 95%? Anything greater than 75% means there's a disincentive to work that extra 10 hours per week. Where is your personal tipping point?

So you are saying people will take in less money that can be spent on other things just to get a tax benefit for health insurance, that chances are will be less money than what they could have earned working?

Again, got any evidence for this stupidity? No one out there is in a position to lose 10 hours a week and save money. 1 or 2 maybe. But 10, that is stupid.

Citation or shut up.
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Old 02-06-2014, 06:53 AM   #48
Fairplay Fairplay is offline
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The two million is just pulled out of thin air/cosmo
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Old 02-06-2014, 06:55 AM   #49
Loneiguana Loneiguana is offline
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The two million is just pulled out of thin air/cosmo
that 2 million is workers choosing to leave the labor market.

The pool of LABOR will be reduced by 2.5 million. The pool of jobs will INCREASE.
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Old 02-06-2014, 07:24 AM   #50
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Originally Posted by Loneiguana View Post
Got any evidence that people accept less money just to qualify for government help.

Because that is stupid.

This is basically an argument in favor of poverty. You are arguing that increased happiness and wealth is a bad thing, because it makes people want to work less. Tell me where I'm wrong here. Do you also believe that bosses should never give raises, since that increased wealth to the worker incentivizes them to retire earlier?

Your argument is perverse. You're quite literally arguing for the poverty of the working class, because anything which benefits them disincentivizes work and hurts the economy. If there's an exception to this rule you've laid out, you haven't stated it yet.
People respond to incentives. If you create short term incentives for people to forgo work, some of them are going to respond by forgoing work. Shocking. A few might take a longer term view and recognize that some short term pain might lead them to longer term gain (by leveraging experience gained for a promotion/raise down the road), but many will be driven by the short term economics. You're essentially asking for citations to human nature. As if a link to someone saying something similar to what I'm saying is going to break you out of your state of idiocy? Please.
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Old 02-06-2014, 07:26 AM   #51
patteeu patteeu is offline
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Originally Posted by Loneiguana View Post
that 2 million is workers choosing to leave the labor market.
Some of them choose to leave because the incentive makes it attractive, not because they were in a job that they wanted to leave before.
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Old 02-06-2014, 11:27 AM   #52
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Quote:
Originally Posted by Loneiguana View Post
that 2 million is workers choosing to leave the labor market.

The pool of LABOR will be reduced by 2.5 million. The pool of jobs will INCREASE.
they are taking Nancy's advise...with Obama care you can leave your job and go learn to play music, be a poet etc etc etc.
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