[CBO cited] new estimates that the Affordable Care Act will cause a larger than-expected reduction in working hours - eliminating the equivalent of about 2.3 million workers in 2021 versus a previous estimate of an 800,000 decline.
@metalman
Hitler was Stalin's enemy; Churchill and Roosevelt were his friends.
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That'd right ... "eliminating workers" not jobs.
"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive," said the report
At the White House briefing Tuesday, White House Council of Economic Advisors chair Jason Furman, said that the CBO’s projected reduction in full-time workers, then, “shouldn’t be a significant cause for surprise and it reflects the fact that workers have a new set of options and are making the best choices that they can choose to make for themselves given those options,” the official said.
What was once comedy,
[Cocoanuts clip]
is now progressive governance
... and I'm not sure what you think the relevance of that clip is - it's a parody of right wing economic thinking - workers should work for nothing and be "free" (as in gratis) and not complain about it, so long as they have jobs.
. There's a reason you stop playing Monopoly after one person bankrupts everyone else. Even if you just give everyone their $200 and let them start playing again they can't even make it around the board. The only way to get everything going again is to clear the board and start over.
Labor has a unit value, which depends on how many units of work it takes to produce a unit of something of value that can be sold in the market place
In the real world you can't sell much product when most of the players are broke. In the real world you can't afford to produce new products because they infringe on patents or transgress copyrights so you have to partner with someone who is already a winner, who, unless you are lucky, will cut you out of the deal and take your ideas leaving you without funds to pursue the matter in court. Sure, you may make a modest living by squeezing some scraps of money from your fellow losers, but it is very very unlikely that you could ascend to the level of winner.you're confusing a game with an economy
In the real world the economy can be expanded, just by coming up with a new product to produce and sell
In the real world resources are also finite and in the real world one of the players actually owns the bank and makes a cut off of every transaction and can adjust rates and the money supply as they wish.In the real world, another 4 blocks of real estate is added to the game, and airlines, truck lines, FedEx, UPS are added to compete against the Railroads
People will choose to work less, not employers choosing to employ less.
The survey found that nearly a third of respondents had cut research and development because of the tax, and almost 10 percent had moved manufacturing abroad.