The Affordable Care Act is projected to reduce the number of full-time workers by roughly 2.3 million people through 2021 and insure 2 million fewer people this year than previously estimated, the Congressional Budget Office said Tuesday.
The CBO had previously estimated the labor force impact would be around 800,000 people in that time frame.
Unexpectedly! Except for those of us on the evil side of the aisle who predicted this exact thing would happen, those of us who said that incentives matter:
In the short term, however, businesses will simply hire fewer workers. And why? Because the ACA has increased labor costs. This fact isn’t just a theoretical exercise, it’s a current reality.
It's real enough for fry cook Darnell Summers who has seen his hours cut back due to Obamacare. Not to worry, Mr. Summers: President Obama has a pen and a phone and - most importantly - someone to blame.