Can you believe this? During Obama’s stay in office 88% of ALL jobs created have been part-time jobs. Here, in Repealing Obamacare: Not a Waste of Time the Cato Institute’s Michael Tanner reports on a scary new Gallup poll. The shocking numbers show that 41 percent of small business have already held off on plans to hire new employees, and 38% have pulled back on plans to expand their businesses in other ways.
At the same time, outside a handful of states with exceptionally dysfunctional insurance markets, Obamacare will likely drive up the cost of whatever insurance employers do provide, making it more expensive to compensate even current workers.
And none of this even begins to take into account the impact of the roughly $1.2 trillion in new taxes and fees that Obamacare imposes over the next ten years.
It shouldn’t be a surprise, then, when employers are reluctant to hire new workers or when they shift to part-time workers (who are not subject to that mandate). According to a Gallup poll, 41 percent of small businesses have already held off on plans to hire new employees, and 38 percent have pulled back on plans to expand their businesses in other ways. Worse, 19 percent indicate that they have already laid off workers, and a similar number say they have cut back their hours.
And we have seen a dramatic increase in part-time workers. Since President Obama took office in January 2009, the country has added 1.9 million part-time jobs but just a net total of 270,000 full-time jobs. That means that 88 percent of all jobs added during President Obama’s time in office have been part-time.
Latest posts by Richard C. Young (see all)
- Scheuer’s Prayer for Hillary’s Permanent Political Demise - September 29, 2016
- The Swiss Get It Right in Banning Burkas in Public - September 28, 2016
- More Scholarly Advice from Libertarian Pacesetter David Franke - September 28, 2016