A study conducted by Goldman-Sachs indicates that Obamacare is demoting “hundreds of thousands” of full-time workers into part-time work
In a research note sent out Wednesday, bank economist Alec Phillips concluded that "the evidence suggests that the [Affordable Care Act] has at least modestly elevated involuntary part-time employment." He wrote that a "few hundred thousand" workers may have had their hours cut or been forced to take part-time jobs because of the law.
Goldman Sachs' analysis is the latest conduct on the contentious topic of the healthcare law and part-time work, and its findings largely back up what other studies have revealed, Phillips wrote. The bank weighed in on the question after involuntary part-time work rose sharply in recent months.
One of the key incentives for employers to shift employees to part-time comes from Obamacare’s requirement that employers with 50 or more full-time employees provide health insurance coverage as a benefit. Industries like “bars, restaurants, and retail stores” are the hardest hit, with the most employees working part-time involuntarily.
For all the details about the harmful effects of Obamacare read the full story at the Washington Examiner.
Chris Pandolfo is a writer for the CR Wire. He holds a B.A. in Politics and Economics from Hillsdale College. His interests are Conservative Political Philosophy, the American Founding, and Progressive Rock. Tweet your best jokes @cpandolfo2128.