Saturday, September 28, 2013

No kidding?

Obamacare

Some 240,000 California workers are in danger of losing hours (and the wages that go along with), according to a study by the UC Berkeley Center for Labor Research and Education, because of the new Obamacare mandate that employers with payrolls of 50 or more workers must provide health insurance to those working 30 hours a week or more.
The 2.3 million workers identified as at greatest risk for work hour reduction represent 1.8 percent of the United States workforce . This is consistent with the research on the impact of Hawaii’s health care law on work hours. Hawaii requires firms to provide health insurance to employees w orking 20 hours a week or more, so t he cost to employer s for full - time workers are much greater in Hawaii than under the ACA , while the hour threshold is lower. Buchmueller, DiNardo and Valetta (2011) found a 1.4 percentage point increase in the share of employees working less than 20 hours a week as a result of the law. 4 In Massachusetts, where the employer penalty is smaller than in the ACA ($295 per year), there was no evidence of a disproportionate shift towards part - time work compared to the rest of the nation.

And
And while California actually was outpacing the U.S. rate of job creation earlier this year, with payroll growth of roughly 2 percent, as the Los Angeles Times noted last week, the Golden State’s year-over-year rate of job creation was 1.5 percent in August, which actually was lower than the nation’s rate of job creation.
Joseph Perkins

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