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 Obamacare Will Kill Many Full-Time Jobs

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PostSubject: Obamacare Will Kill Many Full-Time Jobs   Sun Oct 23, 2011 8:24 am

Obamacare Will Kill Many Full-Time Jobs

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Obamacare has been promoted as a benefit to lower-income workers who can’t currently afford health insurance, but in fact President Barack Obama’s healthcare reform will price many unskilled workers out of full-time employment.

A new report from the Heritage Foundation shows that after an employer pays a worker’s new healthcare premiums, along with the minimum wage, payroll taxes, and unemployment insurance taxes as required, the full-time worker will cost the employer at least $10.03 per hour, or $20,063 a year.

A full-time worker with a family health plan will cost an average of $13.75 an hour, or $27,501 a year.

“Employers who hire workers with productivity below these rates will lose money,” according to the report written by James Sherk, a senior policy analyst in labor economics in the Center for Data Analysis at The Heritage Foundation.

Many of these employers will respond to the higher costs by dumping workers onto the government healthcare exchanges. This will cost the employer a $2,000 penalty for each full-time worker, far less than the cost of health premiums but still a $1 per hour increase in full-time employment costs.

The employer mandate in the healthcare bill will also encourage employers to replace full-time workers with part-time employees, since Obamacare does not penalize employers for not providing health benefits to these workers.

“Obamacare hurts less skilled workers,” Sherk observes.

“It raises the minimum productivity required for them to hold a full-time job, particularly workers with families. Workers who cannot produce at least $20,000 per year (single plan) or $27,500 per year (family plan) of value to employers will have serious difficulty finding full-time jobs. Many of these workers will have to either live off reduced income from part-time hours or juggle the schedules of multiple part-time jobs.”

The cost to employers will actually be higher in a number of states that have a minimum wage greater than the federal rate. State unemployment insurance taxes and healthcare costs also vary.

The most expensive state for employing workers is Connecticut, where full-time employees with family plans cost employers $15.27 per hour, or at least $30,550 a year.

Oklahoma has the lowest employment costs, $11.92 an hour for workers with families.

Sherk concludes: “The weak economy has made it difficult for unskilled individuals to find work. Obamacare will make it even more difficult for them to obtain full-time jobs.”

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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Sun Oct 23, 2011 12:45 pm

That's his plan, kill jobs, kill the economy, kill God loving white Americans, ultimately killing America. He needs to slip and fall of the eiffle tower.
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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Sun Oct 23, 2011 4:13 pm

Well if it is his plan he is doing one hell of a job executing it!!! JMHO!!

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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Tue Oct 25, 2011 3:50 pm

He sucks! Plainand simple.
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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Tue Oct 25, 2011 4:08 pm

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UncleFrank
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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Tue Oct 25, 2011 4:34 pm

YES HE DOES!!!!!
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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Tue Oct 25, 2011 5:40 pm

WooHoo!!! LMAO!!

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EXPERIENCE IS WHAT YOU GET WHEN YOU DON'T GET WHAT YOU WANTED!

There are only two defining forces that have ever offered to die for you!
Jesus Christ for your soul and the American Soldier for your freedom!
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UncleFrank
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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Sat Oct 29, 2011 3:41 am

So does his admin.
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PostSubject: Re: Obamacare Will Kill Many Full-Time Jobs   Sat Oct 29, 2011 5:05 am

The more I see this POC the sicker I become!! Just disgusting!

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EXPERIENCE IS WHAT YOU GET WHEN YOU DON'T GET WHAT YOU WANTED!

There are only two defining forces that have ever offered to die for you!
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