ObamaCare Reduces Income for Low Wage Earners by 1 Trillion

Just when one thinks all of the possible flaws are known in the ObamaCare disaster, here come more and more and more. A total labor loss of more then 1 trillion dollars between 2017 and 2024 for low wage earners is astounding. How do the democrats pull this off with a clear conscience? Oh wait - they have no conscience, if they did we wouldn't have ObamaCare.

Why do we even debate this nightmare? Who would be willingly to vote to have their income reduced so they can obtain health insurance that doesn't work or is nonexistent? This disaster has to be stopped, repealed.

I know how we can fix ObamaCare - in 2014 and 2016 vote for more democrats - it appears they have done what is necessary to destroy all health care in this country - don't stop them now when the job isn't completed. What a great reason to vote for more destruction.

Elections have consequences.

ObamaCare's Impact on Low-Wage Compensation
Source: Drew Gonshorowski, "Compensation and ObamaCare's Impact on Low-Wage Workers," Heritage Foundation, March 5, 2014.

March 17, 2014

Low-income Americans will be hurt the most by ObamaCare's impact on compensation, says Drew Gonshorowski, a policy analyst at the Heritage Foundation.

While the Congressional Budget Office's (CBO) February budget outlook got a lot of attention, few focused on the aspect of the report that found that ObamaCare will lower aggregate labor compensation by 1 percent each year (a $1.016 trillion reduction from 2017 to 2024).

• Gonshorowski modeled the 1 percent reduction across states and income groups, finding that individuals, on average, will receive somewhere between $700 and $900 less in compensation between 2017 and 2024.
• For individuals at the federal poverty level, that is a 6 percent reduction in compensation. For lower-income individuals, the compensation that they will lose is a much larger percentage of their income than it is for higher income Americans.

And low-income Americans are hurt beyond mere reductions in compensation. They will also work less, meaning that they gain less experience and corresponding skills that they need to move up the income ladder, stunting their future earnings.