| Answer: When workers are voluntarily exiting the workforce because they don't need their jobs just to maintain their health insurance. | |
|---|---|
| 2017 | 2 |
| 2024 | 2.5 |
Loss of Full-Time Employment Resulting from ACA (in million workers)
Sources:
cbo.gov, businessinsider.com
Share:
of
The Congressional Budget Office estimates that Obamacare will reduce the total hours worked by 1.5-2% from 2017-2024. However, this will be "almost entirely because workers will choose to supply less labor [rather than from a] drop in business' demand." ACA will stimulate the economy, as low-income households have more disposable-income, and will induce some employers to hire more.