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Current Events & Hot Topics Current Events & Hot Topics

CBO: ObamaCare will cause Workforce to Shrink?

Posted by on Feb. 5, 2014 at 5:28 PM
  • 2 Replies

http://www.cbo.gov/sites/default/files/cbofiles/attachments/45010-Outlook2014.pdf


The biggest impact would begin in 2017, CBO said, because major provisions of the law will be well under way by then. The CBO said there would be smaller declines in work hours that would occur before then.

Work hours would be reduced by the equivalent of 2.5 million jobs in 2024, said the agency, which earlier predicted 800,000 fewer fulltime jobs by 2021. The bottom line would be a slower rate of growth for employment and compensation in the coming decade, according to the report.

http://www.reuters.com/article/2014/02/04/us-usa-fiscal-obamacare-idUSBREA131B120140204

by on Feb. 5, 2014 at 5:28 PM
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TranquilMind
by Platinum Member on Feb. 6, 2014 at 12:53 AM

 Yep, we have known this all along.  The Budget Office was clear early on. 

But no one cares.  Obama wanted it so it became law, even though it is a damaging mess. 

tnmomofive
by Bronze Member on Feb. 6, 2014 at 1:13 AM

Such great news! Go Obama!

SMH

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