Goldman Sachs: Obamacare forcing hundreds of thousands into part-time work

Source: Washington Examiner | June 8, 2016 | Joseph Lawler

Obamacare is forcing hundreds of thousands of people into part-time work, according to a new analysis from the bank Goldman Sachs.

In a research note sent out Wednesday, bank economist Alec Phillips concluded that “the evidence suggests that the [Affordable Care Act] has at least modestly elevated involuntary part-time employment.” He wrote that a “few hundred thousand” workers may have had their hours cut or been forced to take part-time jobs because of the law.

Goldman Sachs’ analysis is the latest conduct on the contentious topic of the healthcare law and part-time work, and its findings largely back up what other studies have revealed, Phillips wrote. The bank weighed in on the question after involuntary part-time work rose sharply in recent months.

Obamacare is thought to incentivize part-time work through several means. One is that employers with more than 50 full-time workers face penalties if they do not provide health insurance coverage, giving them a reason to cut hours or avoid hiring new workers if they are near the 50 employee level.



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  • Consistent #6862

    EVERYDAY #6863

    Unexpected! (Sarcasm)

    Among other things, the purpose of Obamacare is to destroy the US economy and with it, to annihilate the middle class. The goal is to create a society with a few wealthy people at the top, and the rest will be poor and completely dependent upon government to survive.

    And as government runs out of money, certain segments of the population will be exterminated by withholding health care from them, while the “chosen ones” get the best care. It’s the ultimate power for government — the power over life and death.

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