Well, let's see... if a whole bunch of people decide to quit working or work less, here are some of the things that will happen: Employment will drop, GNP growth will slow, there will be less demand in the economy, people will have less spendable income, tax revenues will decline, federal spending for ACA subsidies will go up, the budget deficit will soar...
Should I continue or do you get the picture, dipshit?
.
Originally Posted by lustylad
I get your lying spinning picture...
Now some facts about just wtf the CBO said.
The CBO projects that the act will reduce the supply of
labor, not the availability of
jobs. There's a big difference.
In fact, it suggests that aggregate demand for labor (that is, the number of jobs) will increase, not decrease; but that many workers or would-be workers will be prompted by the ACA to leave the labor force, many of them voluntarily.
As economist Dean Baker points out, this is, in fact, a
beneficial effect of the law, and a sign that it will achieve an important goal. It helps "older workers with serious health conditions who are working now because this is the only way to get health insurance. And (one for the family-values crowd) many young mothers who return to work earlier than they would like because they need health insurance. This is a huge plus."...
....
As for labor demand, the CBO estimates that on balance, the ACA will increase aggregate demand for goods and services, in part by relieving lower-income people of the burden of health insurance or healthcare expenses, so they can increase their spending on other things. In turn, that will "boost demand for labor," especially in the near term, while the economy remains slack.
http://www.latimes.com/business/hilt...#ixzz2t5JUbXWA
http://www.latimes.com/business/hilt...#ixzz2t5Im2DDq