Once again Mr. Aadahl (Letter to the editor “Job loss nonsense” in the Feb. 22 edition of the Daily Journal) goes off on another wild unsubstantiated rant about employment actually increasing because of Obamacare. His conclusion based on a faulty premise is that “net result is less unemployment.”
If Mr. Aadahl would actually read the CBO’s report and subsequent clarifications, he might not take that position. The CBO said, on Feb. 10 in an FAQ report:
“Ultimately, we project that the number of jobs in the economy will be smaller than it would be in the absence of the ACA because some people will choose not to work at all, but CBO did not estimate the size of that change separately from the effect of people choosing to work fewer hours. We wrote in the report: “The reduction in CBO’s projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2 million in 2017, rising to about 2.5 million in 2024 … The decline in full-time-equivalent employment stemming from the ACA will consist of some people not being employed at all and other people working fewer hours; however, CBO has not tried to quantify those two components of the overall effect.”
To be clear, total employment and hours worked will increase over the coming decade, but by less than they would have in the absence of the ACA.
So let’s forget about people leaving jobs to become poets and photographers and being replaced by other people. Net result is that there will be fewer hours worked in the American economy to the extent of 2 million equivalent full-time workers.