As a result of Obamacare, 22 percent of small businesses reported they are hiring fewer workers or reducing workers' salaries, according to a report from the Mercatus Center.
In addition, 24 percent of large businesses, those with 50 to 199 employees, reported that they were reducing salaries and the number of hires.
Even though roughly half of small businesses said Obamacare did not change their employment practices, 31 percent said they were reducing hours or hiring more part-time workers instead of full-time workers.
Only 11 percent of small businesses said they were increasing salaries and only 10 percent said they were hiring more workers as a result of the Affordable Care Act.
Professor Casey Mulligan of the University of Chicago, author of the study, says the Affordable Care Act has cost businesses roughly 250,000 jobs because of a penalty employers face if they don't provide mandated insurance.
"Thanks to the ACA, hiring the 50th full-time employee effectively costs another $70,000 a year on top of the normal salary and benefits," Mulligan said. "Nationwide, we estimate the ACA-inspired practice of keeping payrolls below 50 has cost roughly 250,000 jobs."
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
As a result of Obamacare, 22 percent of small businesses reported they are hiring fewer workers or reducing workers' salaries, according to a report from the Mercatus Center.
what a big fat fricking lie.
small businesses do not have to participate, therefore it has absolutely no effect on them.
greed is the only factor in this equation.
As a result of Trumpcare, people will literally die from not having health insurance. You tell me which is worse?
And 10:07 knows more because of being a democrat loser. Lol
President Donald J. Trump doesn't have a bill yet and 11:15 is smacking something never seen or heard. Another democrat loser.
Trump/Pence 2020!!
11:15--
How about those of us working people who can't afford the premiums since Obamacare took over? We've been fined lots of money (that we really needed for those silly utility bills & groceries) for not having insurance we can't afford. We personally know others who can't afford the insurance & meds needed to keep them alive (think diabetes) since all the outrageous increases. Once again those that won't work get a free ride while those that do are expected to pick up the tab. How about government making it illegal to not cover pre-existing conditions, then get the hell out of the insurance business?
Post a Comment