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| Re: FALSE Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare (1153339) | |||
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Re: FALSE Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare |
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Posted by bingbong on Sun Feb 9 09:59:30 2014, in response to Re: FALSE Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by gp38/r42 chris on Sun Feb 9 03:46:13 2014. What the RW stretched it into (Prof Krugman had the actual quote) from the original:The budget office report didn’t say that people will lose their jobs. It declared explicitly that the predicted fall in hours worked will come “almost entirely because workers will choose to supply less labor” (emphasis added). And as we’ve already seen, Mr. Elmendorf did his best the next day to explain that voluntary reductions in work hours are nothing like involuntary job loss. Oh, and because labor supply will be reduced, wages will go up, not down. is patently FALSE |
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