Wed, Aug 27, 2014, 1:26 PM EDT - U.S. Markets close in 2 hrs 34 mins

Recent

% | $
Quotes you view appear here for quick access.

Oracle Corporation Message Board

  • bjspokanimal bjspokanimal Oct 29, 2013 2:33 PM Flag

    ObamaCare: They are Rounding UP to Perpetuate a LIE. Must Read!

    The White House sees no sign that ObamaCare is affecting Americans' work hours. But its data have a problem: Government economists count workers limited to 29.5 hours as 30-hour-per-week workers.
    That's no small rounding error in this case.
    Employers, as AFL-CIO President Richard Trumka recently said, are "restructuring their workforce to give workers 29- and-a-half hours " to dodge ObamaCare's health coverage mandate.
    Anecdotes abound about employers cutting workers' hours to 29.5 or even 29.75 — just below the 30-hour workweek at which ObamaCare penalties kick in for employers who don't offer health care coverage. (Eleven are listed below.)
    The White House used Current Population Survey data to show that ObamaCare is not affecting the number of workers clocking 30- to 34-hour workweeks. The CPS is the monthly household survey used to calculate the unemployment rate.
    But the Obama administration left out an important detail: The interviewers for the survey are instructed to round up.
    Use whole numbers (Count 30 minutes or more as a whole hour," the interviewers are told.
    That means the White House has no clue how many of the 5-million-plus workers who are reported to be clocking 30-hour weeks are actually working 29.5 hours, though there are surely more than there used to be.
    Off The Books
    ObamaCare's impact on the work hours of people clocking 30 to 34 hours per week is of particular interest because these workers are already considered part-time under the Labor Department definition. Thus, their hours could be cut below 30 per week without any official rise in part-time employment.
    Other analysts, including the Center For Economic and Policy Research and Bloomberg News, have made the same oversight as the White House.
    As a result, all of these widely cited analyses overestimate the number of workers clocking 30 hours or more and underestimate how many are working just below 30 hours.

 
ORCL
41.55-0.29(-0.69%)1:25 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.