What’s the matter with kids these days? ObamaCare:
Luke Perfect, who has worked at Goodridge’s Kennebunk Subway for more than a decade, said it was “horrible” to learn he was among the employees whose hours would be limited, and that it would be a financial hardship. “I’m barely scraping by with overtime,” he said.
The White House dismisses such examples as “anecdotal.” Jason Furman, chairman of the president’s Council of Economic Advisors, said, “We are seeing no systematic evidence that the Affordable Care Act is having an adverse impact on job growth or the number of hours employees are working. … [S]ince the ACA became law, nearly 90 percent of the gain in employment has been in full-time positions.”
Look at what’s happened since the start of this year, when employers started having to take into account the effects of ObamaCare:
When the employer mandate kicks in 2014 — er, 2015 or whenever — the IRS will look back at a business’s employment history for at least the preceding 12 months. So the time to start cutting workers back to under 30 hours was last January of this year. And lo and behold, since January of this year there has been only one full-time job created to every three part-time positions.
Hey, kid — sorry if you wanted a career.
But it gets worse. As detailed before, a one dollar raise can cost you and your family nearly ten thousand dollars in ObamaCare subsidies. So the Democrats have capped employment for the young at 29 hours, and have placed an effective salary cap of about $110,000 on middle class families.
We’re not just a part-time nation now, as Bryan Preston so aptly described it, we’re also a nation that’s stuck a knife in the back of upward mobility.
If you think that’s by accident, think again.