Obama's job growth were part-time jobs...partially due to Obamacare!

Discussion in 'Politics' started by healthmyths, Jan 18, 2020.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time
    The decline of conventional full-time work has impacted every demographic. Whether this change is good or bad depends on what kinds of jobs people want. “Workers seeking full-time, steady work have lost,” said Krueger. ”
    Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time


    The relationship between Obamacare and part-time work is because of this requirement of Obamacare:
    ObamaCare’s “employer mandate” is a requirement that all businesses with 50 or more full-time equivalent employees (FTE) provide health insurance to at least 95% of their full-time employees and dependents up to age 26, or pay a fee. ObamaCare Employer Mandate

    Up to 250,000 positions may have been eliminated by small businesses seeking to avoid Obamacare’s employer mandate, according to estimates in a new working paper distributed by the National Bureau of Economic Research. Altogether between 28,000 and 50,000 businesses appear to have reduced their number of full-time employees from 2014 to 2016 because of the mandate.
    Businesses eliminated hundreds of thousands of full-time jobs to avoid Obamacare mandate

    So for example employer health insurance cost the employer on average "Coverage with employer health insurance averaged $409 a month per person."
    https://www.ehealthinsurance.com/re.../much-companies-pay-employer-health-insurance

    So a small employer with say 49 employees wants to hire the 50th employee.
    Monthly cost for health insurance by hiring that 50th employee: 50 times $409 equals $20,450/month
    $245,400 per year directly from the bottom line of the business.

    This small firm with 50 employees average gross revenue: $3,600,000
    How Does Your Revenue Stack Up to Other Small Businesses? | QuickBooks
    Net profit average per small firm is about 16%
    What’s a Good Profit Margin for a New Business?
    So now this small business with a net profit of $575,000 has this profit reduced due to Obamacare :
    Net income before Obamacare: $575,000
    Health insurance premium: 245,400
    Net income after premium $330,276
    percent reduction in net: Nearly 60% reduction in income.

    HENCE...the employer says: hmmm well I won't hire one full time but two part-time!!!




     
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  2. WTH_Progs?
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    WTH_Progs? Gold Member

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    Fact.....

    Obama did the EXACT OPPOSITE of what was needed to correct the recession.
     
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  3. Gdjjr
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    Gdjjr VIP Member

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    Pretty ambiguous-

    I'm not a fan of gov't healthcare- however, Romney implemented a similar plan when he was governor- that said, anytime there is a significant change in gov't dictates there will be those who pay and those who are rewarded it doesn't matter what political stripe it happens under. Do you remember Bank Bail Outs by Bush Jr? The MIC profits mightily from war and tax payers foot the bill- not sure the difference can be pointed out with legitimacy- straw man arguments and hyperbole aren't legitimate or credible.
    AND, in any economy there are cycles- when gov't intervenes the cycles are blamed, rightfully so, on the gov't whose original job was to ensure (not insure) one didn't have a legal advantage over another- not to impose so many regulations only well resourced participants could, will lag behind the employment curve. The only instant economy action are the Stock Market- all else takes time. IF indeed what the article suggests is true it was already qued up to happen-
    Free enterprise is self correcting- gov't intervention is slower because the District of Criminals are, well, criminals and they have to be informed by their underlings that there is a problem, then meet about it to decide what's best to dictate what it fucked up- wash, rinse, repeat wearing out the fabric meaning the fabric has to be upgraded = consumer activity= "we did something" by congress critters- wash, rinse repeat time after time the same exercise and voters are duped into believing this time it will be different with this gov't intervention- SMH
     
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  4. edthecynic
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    edthecynic Censored for Cynicism

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    How many times are you worthless lying scum POS right-wingers going to mindlessly parrot this LIE?????
    As you well know PT jobs for economic reasons went DOWN after the passage of the PPACA!!!!!
     
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  5. healthmyths
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    healthmyths Gold Member Supporting Member

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    And how many times do honest people like ME who put the links and substantiation have to contend with people like YOU that state your own personal, subjective and total ignorant comments? PLEASE provide PROOF as I did to back up my statements. WHERE is your PROOF!!!
     
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  6. healthmyths
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    healthmyths Gold Member Supporting Member

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    You are right about Romney's plan. Did it work for Mass? But we are talking about 50 different states, multiple regions, multiple ethnic groups and ONE f...king size does not fit all for ALL Americans! That's why the 50 states are called "laboratories" for ideas. And healthcare for all will NOT work for ALL 330 million Americans.
    JUST this one correction would save nearly $800 billion a year but idiots lthink the "lawsuit lottery" i.e. medical lawsuits will win millions.
    HERE read what nearly 3,000 physicians responded to when asked if they practice what most people never heard of..."Defensive Medicine"!
    Now if most people would do a little more research regarding issues like this maybe there might be some Tort reform of which there was NONE in ACA!

    DefensiveMedicine110618.png
     
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  7. imawhosure
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    imawhosure Platinum Member

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    Damn Leftists, how come you don't want to touch this=) Let it go away? I think not!

    You people are screwed, you really are, and by the time we are done, you will be lucky to be able to be elected DOGCATCHER!
     
  8. edthecynic
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    edthecynic Censored for Cynicism

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    You have NO proof of anything only OPINIONS by biased hacks! And you know it. There is no data that supports your lies, the actual data shows that PT jobs for economic reasons, and the PPACA would be such an economic reason as your lying sources claim, DECREASED since the law was passed. And the data is easy to find, so there is no excuse for your sources lies, since the BLS specifically tracks PT jobs for economic reasons every month and reports it every month!!!!!

    When the PPACA passed in March 2010 there were 9,126,000 working PT for economic reasons, when Obama left office it was down to 5,664,000. It is now 4,111,000
    Here is the link to the BLS data:
    Table A-8. Employed persons by class of worker and part-time status
    Scroll down to PERSONS AT WORK PART TIME,
    select Part time for economic reasons seasonally adjusted and then scroll down further and click on "retrieve data."
     
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    Last edited: Jan 18, 2020
  9. healthmyths
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    healthmyths Gold Member Supporting Member

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    Here are the "biased hacks" Fast forward 6 years, when a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger
    YOU depended on BLS data and that was the problem as these economists who have considerable more expertise then you have came to the conclusion based
    on more intensive studies. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015.

    Nevertheless, we impose the BLS’s classification hierarchy in our analysis below to make the results are as
    The survey was conducted online between October 19, 2015 and November 4, 2015. A total of 6,028 subjects were invited to fill out the questionnaire, and a total of 3,850 completed the questionnaire, for a response rate of 63.9 percent

    The rise in alternative work arrangements evident in Table 2, especially the increase in the share of workers who indicated that they were “working or self-employed as an independent contractor, an independent consultant, or a freelance worker” from 6.9 percent in 2005 to 8.4 percent in 2015 is a stark contrast to the declining trend in the share of employees who indicate that they are self-employed based on published CPS data.
    https://dataspace.princeton.edu/jspui/bitstream/88435/dsp01zs25xb933/3/603.pdf
    The problem is you didn't do enough thorough research as is wont with less educated people evidently like YOU!
     
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  10. edthecynic
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    edthecynic Censored for Cynicism

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    PURE PROJECTION!

    Like I have shown so many times before, when caught lying the Right just keep on lying.
    After proving the LIE that 94% of Obama's new jobs were PT with actual BLS data, you now shift from PT jobs to "GIG" jobs, Citing the hacks Kats and Krueger's flawed RAND study that they have since walked back after the BLS reported their 2017 study which updated the 2005 study your hacks pretended to duplicate in 2016. The 2017 BLS report showed that the so called "GIG" jobs had actually DECLINED from 2005 to 2017 from 10.7% to 10.1%, but you knew that already since YOU do such thorough research!

    Economists walk back study showing huge increase in gig work - CNN
    Washington, DC (CNN Business)It was one of the most striking findings of 2016: The share of workers in "alternative" work arrangements, such as Uber drivers and other independent contractors, had risen dramatically over the previous decade.

    The gig economy was exploding. The study from two well-known economists seemed to confirm that the traditional employment relationship was on the way out, to be replaced by micro-tasks delivered on demand.
    Now the authors of that study — Alan Krueger of Princeton University and Larry Katz of Harvard — have walked back its conclusions. Their new study, released Monday, shows the challenge of figuring out how much Uber-type jobs have changed the landscape of American work.
    Katz and Krueger's 2016 paper, based on data collected with the RAND Corporation, attempted to replicate the US Bureau of Labor Statistics' 2005 contingent worker supplement. At the time the Labor Department, the parent agency of BLS, didn't have the money to field a new survey itself.
    The finding by Katz and Krueger was a blockbuster: They found that 15.8% of workers were in some kind of alternative work situation — from temporary help companies to the self-employed — up from 10.7% in 2005.
    Soon after, fueled by questions about how much rideshare apps and other on-demand services were changing work, Congress found the money for an update to the 2005 survey. The new government survey found that the share of workers in alternative work arrangement had actually decreased, from 10.7% to 10.1% in 2017.
    So how did Katz and Krueger go so wrong?
    Their comprehensive re-evaluation chalks up the gap to differences in survey design that seemed trivial but turned out to matter a lot. For example, the sample of the BLS survey was much larger and conducted over the phone, rather than online, as the RAND survey was. Also, BLS allowed survey respondents to answer for other people in their own households, and they may not have realized the full extent of the side jobs held by their siblings, children or spouses.
    After adjusting for all those differences, the economists concluded that gig work had increased by only one or two percentage points since 2005, rather than the more than 5 point increase they reported earlier.

    Here is the 2017 BLS report proving your hacks completely WRONG!
    Contingent and Alternative Employment Arrangements Summary
    Contingent Work

    In May 2017, the three estimates of contingent workers ranged from 1.3 percent to 3.8 percent of employment.
    (See table A and the Technical Note for an explanation of the concepts.) In February 2005, the last
    time the survey was conducted, all three measures were higher, ranging from 1.8 percent to 4.1
    percent of employment.


    Alternative Employment Arrangements

    The May 2017 survey collected information on the number and characteristics of workers in four alternative
    employment arrangements--independent contractors, on-call workers, temporary help agency workers, and
    workers employed by contract companies.

    Compared with February 2005 (the last time the survey was conducted), the proportion of the employed who
    were independent contractors was lower in May 2017


    Independent Contractors

    Independent contractors (including independent consultants and freelance workers) remained the largest
    of the four alternative work arrangements. In May 2017, there were 10.6 million independent contractors,
    representing 6.9 percent of total employment. This estimate is smaller than the 7.4 percent of workers
    in February 2005
    who were independent contractors.

    Temporary Help Agency Workers

    Temporary help agency workers were heavily concentrated in the production, transportation, and material
    moving occupations and in manufacturing industries. In May 2017, 46 percent of temporary help agency workers
    would have preferred a traditional job, less than the 56 percent in February 2005.
     
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