Thursday, October 20, 2011

Obamacare: less-skilled workers will be most likely to be priced out of jobs

October 19, 2011
by Tina Korbe     

While the president talks and talks and talks about his commitment to “put people back to work,” Obamacare continues to make it less likely that unskilled workers will find full-time jobs, according to new research from Heritage Foundation labor expert James Sherk.

When an employer hires a full-time worker, he is legally bound to pay the minimum wage, the employer share of payroll taxes and unemployment insurance taxes. Now, thanks to Obamacare, that employer will also have to pay nearly $3,600 for a single employee or more than $11,000 for an employee with a family to provide the health coverage that PPACA requires him to provide. the rest

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