Obamacare is forcing hundreds of thousands of people into
part-time work, according to a new analysis from the bank Goldman Sachs.
In a research note sent out Wednesday, bank economist Alec
Phillips concluded that "the evidence suggests that the [Affordable Care
Act] has at least modestly elevated involuntary part-time employment."
He wrote that a "few hundred thousand" workers may have had their hours
cut or been forced to take part-time jobs because of the law . . . . Obamacare is thought to incentivize part-time work through
several means. One is that employers with more than 50 full-time workers
face penalties if they do not provide health insurance coverage, giving
them a reason to cut hours or avoid hiring new workers if they are near
the 50 employee level . . . . . As a share of the total 6.4 million people forced into part-time
work, a few hundred thousand is not that many, Phillips noted. But that
number could help explain why involuntary part-time work is still as
elevated as it is this late in the jobs recovery.
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