Wednesday, July 16, 2014

Muddling Through

Paul Mirengoff, one of the partners at Power Line Blog, reports on a Mort Zuckerman article in The Wall Street Journal (only available to subscribers). Zuckerman writes on the soaring rate of part-time employment:
There is one clear political contribution to the dismal jobs trend. Many employers’ cut workers’ hours to avoid the Affordable Care Act’s mandate to provide health insurance to anyone working 30 hours a week or more.

The unintended consequence of President Obama’s “signature legislation?” Fewer full time workers. In many cases, two people are working the same number of hours that one had previously worked.
Zuckerman concludes:
We are not in the middle of a recovery; we are in the middle of a muddle-through.