that the predictions of employment declines due to ACA have turned out to be wrong.
Right up front, let’s agree that it is pretty much impossible to completely separate the impact of one factor from all the others. Employment is affected by interest rates (still historically low), international trade, consumer demand, construction, and consumer confidence among other things.
That said, the latest research shows no negative impact on:
- hours worked;
- labor force participation;
- employment; and/or
- the probability of part-time work.
One of the demographic groups of most concern was non-elderly adults with a high school or less education; the fear was employers would slash jobs and hours worked as employment costs would increase under ACA. Yet the data indicates there have been “very small shifts in part-time hiring”; employers have not shifted full-time workers to part time to avoid paying insurance premiums.
Claims that 2.5 million jobs, mostly low-wage, would be lost have been shown to be hyperbole at best; flat-out-wrong would be kind.
What’s pretty entertaining is several of the current crop of GOP Presidential candidates have been touting their states’ employment growth – and in the next breath claiming ACA was a job killer.
IF that was the case, job openings wouldn’t be at their highest level in 15 years…
So, while there’s no evidence ACA is hurting employment, there is lots of evidence that employers cannot find qualified workers.
What does this mean for you?
The reality is this – the claims that “Obamacare” would be a job-killer have been shown to be wrong.