{"id":17639,"date":"2013-02-23T21:13:06","date_gmt":"2013-02-24T02:13:06","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=17639"},"modified":"2013-02-23T21:27:42","modified_gmt":"2013-02-24T02:27:42","slug":"the-law-of-unintended-consequences-strikes-again","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=17639","title":{"rendered":"The Law Of Unintended Consequences Strikes Again"},"content":{"rendered":"

The Wall Street Journal<\/a> posted an editorial today entitled, “ObamaCare<\/a> and the ’29ers.'” When I first looked at the title, I thought it was about the unemployment rate<\/a> of the twenty-something generation. It’s not. It’s about how ObamaCare is affecting the number of hours employers<\/a> allow their employees to work.<\/p>\n

The article reports:<\/p>\n

The law (ObamaCare) requires firms with 50 or more “full-time equivalent<\/a> workers” to offer health plans<\/a> to employees who work more than 30 hours a week. (The law says “equivalent” because two 15 hour a week workers equal one full-time worker<\/a>.) Employers that pass the 50-employee threshold and don’t offer insurance face a $2,000 penalty for each uncovered worker beyond 30 employees. So by hiring the 50th worker, the firm pays a penalty on the previous 20 as well.<\/strong><\/p>\n

Is Washington<\/a> capable of making anything simple?<\/p>\n

The article explains how the mathematics of employing people under ObamaCare work:<\/p>\n

The savings from restricting hours worked can be enormous. If a company with 50 employees hires a new worker for $12 an hour for 29 hours a week, there is no health insurance requirement. But suppose that worker moves to 30 hours a week. This triggers the $2,000 federal penalty. So to get 50 more hours of work<\/a> a year from that employee, the extra cost to the employer rises to about $52 an hour\u2014the $12 salary and the ObamaCare tax of what works out to be $40 an hour.<\/strong><\/p>\n

This chart from the article shows the number of people currently working part-time:<\/p>\n

\"image\"<\/p>\n

It’s time to repeal ObamaCare, replace it with something that has actually been thought through, and get the American economy working again.<\/p>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Wall Street Journal posted an editorial today entitled, “ObamaCare and the ’29ers.’” When I first looked at the title, I thought it was about the unemployment rate of the twenty-something generation. It’s not. It’s about how ObamaCare is affecting … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[459,660,7,134,297,238,615,4502],"class_list":["post-17639","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-employment","tag-insurance","tag-obamacare","tag-patient-protection-and-affordable-care-act","tag-unemployment","tag-wall-street-journal","tag-washington","tag-workforce"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/17639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17639"}],"version-history":[{"count":4,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/17639\/revisions"}],"predecessor-version":[{"id":17644,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/17639\/revisions\/17644"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}