CBO: Obamacare Will Discourage More People from Working

The Hill reports more “benefits” of the Affordable Care Act: “CBO: 2 million jobs’ worth of hours lost under ObamaCare.” ObamaCare will force a reduction in American work hours — the equivalent of 2 million jobs over the next decade, Congress’s nonpartisan scorekeeper said Monday. The total workforce will shrink by just under 1 percent as a result of changes in worker participation because of the new coverage expansions, mandates and changes in tax rates, according to a 22-page report released Read more […]

Labor Participation Lowest Since Carter Administration

This Labor Day marked three months of a 38-year record low labor participation rate. CNS News reports, “Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month.” A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the Read more […]

Food Stamps and the Low Labor Participation Rate

Why wouldn’t labor participation be low if people get free food but don’t have to look for work? Here is a really interesting headline from Fox News: “Most states waiving work requirements for food stamps, despite improving job market.” Most states still are waiving work requirements for those on food stamps, raising concerns that despite an improving job market the Obama administration is feeding government dependency — and all at the expense of taxpayers. Forty-four of the 50 states Read more […]

Don’t Believe the Unemployment Rate

So, the government tells us the unemployment rate is just over 5%. These are the same people who told you “if you like your doctor, you can keep your doctor”… that the attack on the Libyan embassy was a “spontaneous protest of an Internet video” no one saw… bureaucrats who claim the cost-of-living is lower because you can substitute cat food for steak (hedonics), and that there has been no price inflation, therefore they don’t have to increase government checks for those dependent on them… Read more […]