There are reports that companies are cutting jobs because of Obamacare. Republican Speaker of the House John Boehner tweeted that: @SpeakerBoehner ObamaCare is law of the land, but it is raising costs & threatening jobs. Our goal has been, and will remain,#fullrepeal.
It is really going to happen on a large scale or is it simply more partisan politics? The lists of companies I found that are reportedly cutting jobs were all on conservative leaning websites and blogs - and on left leaning websites, blogs and Facebook pages pushing back against the reported job cuts. A restaurant chain that is mentioned often is testing boosting the number of part-time workers at a few locations, not eliminating jobs.
Forbes reported earlier this year that the nonpartisan Urban Institute studied what happened in Massachusetts, under Governor Romney, when health care reform was enacted. The study found no evidence that mandated healthcare coverage cost jobs. The Huffington Post reports: "A survey of small business owners in October found that few would take drastic steps in response to the health care law. Instead, many said they would simply trim health care benefits."
There's already a backlash on Facebook and Twitter suggesting people boycott restaurants and other companies that do plan on cutting jobs. So, the reports of job cuts, if they are not accurate, may come back to haunt the companies that are reportedly laying off workers. Another thing to keep in mind is that many of the restaurants on the list of those cutting jobs typically have a large contingent of part-time workers anyway.
It's not all companies that are cutting jobs. In fact, the Deseret News reports that Utah's Governor's Office of Economic Development announced that hundreds of new jobs are coming to Utah. Also from Utah, KSL.com reports that, according to economists, the rumors of layoff are unfounded and companies that are laying off were already planning to do so.
About.com Guide to US Economy Kimberly Amadeo says "Obama's win boosts the economy for three key reasons... First, no matter who won, the removal of a large level of uncertainty allows businesses to move forward with any expansion and hiring plans." Here's more on how an Obama win impacts the economy.
In my opinion, companies are going to hire the workers they need to keep their business running. They may opt for more part-time workers, but, as I mentioned, most major retail and hospitality employers already have a large part-time workforce, many of whom aren't eligible for benefits anyway. These sectors of the job market also have the highest turnover, so employers are constantly rehiring.
Share Your Opinion: What do you think? Are there going to be significant job cuts because of Obamcare? Let me know what you think in the "Comments" section below this post.
Share Your Story: Has your boss fired workers as a result of President Obama's reelection? The Huffington Post would like to know. Email Jillian.Berman@huffingtonpost.com and tell her about it. It will be interesting to see how this pans out and how many jobs are really cut because of this election.
Image Copyright Natalia Siverina