Monday, July 14, 2014

Yes indeed, the Obamacare recession is here

I think these reports will seal the debate:

http://insurancenewsnet.com/oarticle/2014/07/09/rpc--more-part-timers-wages-stagnant-a-527756.html#.U8OURI-ZgWx
The White House has suggested that one way to test Obamacare's effect on the work week is to look at whether there has been a shift in the ratio of workers employed 31 to 34 hours per week - above the amount requiring insurance coverage - compared to those working 25 to 29 hours -below the Obamacare threshold. A stable or rising ratio would indicate that Obamacare was not impacting work hours. But that ratio has fallen to its lowest level in nearly 14 years.
Since the fourth quarter of 2012, the number of people working 31 to 34 hours a week in their primary job has fallen by 157,000 or 6.4 percent. The number working 25 to 29 hours per week has risen by 375,000 or 10.8 percent.

http://constructionlabor.com/control-rising-health-insurance-costs/
Number four on ways to reduce healthcare costs for contractors:
Use a construction staffing agency. By using temporary laborers through a company that provides health benefits, you will avoid health insurance costs altogether.
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http://dailysignal.com/2014/07/13/temp-agency-obamacare-causing-businesses-hire-part-time-full-time-employees/
Billie Baggett of IHT Staffing, a temp agency located in Myrtle Beach, told WMFB News that the Obamacare is to blame for the shrinking work week. “I would say 90 percent of our employers, businesses today, are hiring part-time as opposed to full-time, because of the Affordable Healthcare Act,” said Baggett.
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http://www.thestaffingstream.com/2014/07/07/use-the-aca-to-your-advantage/
Think about it: now that they no longer have to prioritize healthcare benefits when job hunting, highly skilled workers are increasingly receptive to the idea of signing up for temporary work assignments. And now that they’re no longer at a competitive disadvantage (among workers) if they don’t offer healthcare benefits, staffing agencies look more appealing to top talent. Those firms are seeing higher retention rates, too, because their employees won’t necessarily leave for the first permanent job-with-benefits that comes along.
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The list goes on, Temp agencies are in a tizzy of delight.

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