For several years now, people have raised the warning that ObamaCare would prompt employers to hire part time workers instead of full time. The reason is simple-if you have too many full time staff, you either have to buy them insurance, or pay a fine. Then, with insurance premiums skyrocketing due to the extra costs inflicted by ObamaCare, providing health insurance is completely out of the reach of many small businesses. Also, even paying the fines are prohibitive. As I’ve covered before, many businesses have cut hours for workers because the cumulative fines would be more than their yearly profit. Some businesses have already closed, or sold out due to the increased expenses.
Now, we see the true extent of the ObamaCare damage. According to recently released statistics, it seems that the VAST majority of new jobs created so far this year are part time positions. The Right Scoop has the details…
The Obamacare wrecking ball is smashing America just as it was designed to do:
ZERO HEDGE – Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time:
When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America’s conversation to a part-time worker society is accelerating: according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were… not.
Elections have consequences. People were warned. If you voted for Obama, you voted for this. And, if you’re