Low-Pay, Part-Time Workers Fueling Economy

In what is quickly becoming the new normal in the Obama Economy, low-pay and part-time workers are making up more of the country’s “tepid” economic growth.

As Reuters reports this morning, much of this trend can be attributed to businesses’ concerns over the coming ObamaCare implementation.

“Faltering economic growth at home and abroad and concern that President Barack Obama’s signature health care law will drive up business costs are behind the wariness about taking on full-time staff, executives at staffing and payroll firms say.

…

‘Obamacare appears to be having the most impact on hiring decisions by small- and medium-sized businesses. Although small businesses account for a smaller share of the jobs in the economy, they are an important source of new employment.

‘Some businesses are holding their headcount below 50 and others are cutting back the work week to under 30 hours to avoid providing health insurance for employees, according to the staffing and payroll executives.

‘Under Obamacare, any employee working 30 hours or more is considered full-time. An effort to trim hours might have helped push the average work week down to a six-month low in July.”

 

As seems to be an emerging trend under President Obama, this economy is simply not creating the type of good-paying and lasting work that a middle class is built around. Families cannot be expected to save for college or put a down payment on a new house while stringing two or three jobs together.

We need to empower small businesses and give them the confidence to invest and hire full-time employees. We can’t do this with President Obama’s “train wreck” of a healthcare law staring them in the face.

With a strong Republican majority, we can not only delay the implementation of ObamaCare, but work to repeal and replace it. Join us today.