Friday, February 7, 2014
Obamacare in CBO Report
The Congressional Budget Office has released a report which projects the national budget until 2024. Many reporters and Republican lawmakers have misinterpreted its findings to claim Obamacare is a ‘job killer’. Considering the ~30 votes to repeal Obamacare in the Republican led House, this is not surprising. But aside from the swipe at Obamacare, this is also an opportunity to justify low wage jobs. One reason for the high competition for jobs is the need to stay at unrewarding positions to maintain health insurance; this drives down wages. When workers can choose to not work a low wage job for health insurance, there is pressure on employers to increase wages. Whose interests are served by Republicans and most media types again?
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