ObamaCare Effects on the Labor Market
David Beckworth draws our attention to this survey data from the NFIB (small business):
Incidentally, this survey was frequently referred to in the past by Paul Krugman, Brad DeLong, and others in order to show that regulation was not the most important problem facing business. Let’s see if they change their tune now that the data tells a different story.
What happened in 2009 that was significant? The introduction of ObamaCare.
What’s interesting to me is the decline in the quality of labor that this shows.
Poor education and a decline of social standards are to blame, I think.
I agree completely.
IT’s a survey, so it’s self-reported. Of course they’re going to blame the government, most of the respondents are probably Republicans.
The left never changes its mind in the face of data.
Because if you track data long enough, you’ll see that eventually we are right.
Right… And if pigs run fast enough, eventually they fly.
It’s interesting to see how long taxes dominated the chart.
Considering how easily they rob the productivity of a people, I’m not surprised.
We’re on an anti-Krugman spree today, it seems.
He’s deserving of it, so…
Wow, lack of sales shot up fast. The recession really hit hard.
People didn’t have any money to spend, but the government kept encouraging them to do so.
Thus making the situation harder than it needed to be.
2009 was the beginning of the Obama Administration which began with the HITECH Act included in the stimulus. Supporters called that the foundation for health care reform. It made modifications to HIPAA.
Dodd-Frank was signed in the second half of the 2009.
ACA was enacted in 2010 and ACA regulations would have followed that.
It may be a three-pronged approach.
Tim
13,288 days