Health Insurance Destroying Full Time Jobs

Posted by Charles Gunning

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The Bureau of Labor Statistics July payroll employment increases where +162,000 and unemployment rate edged down to 7.4%

But as a share of jobs, full-time positions have shrunk by 4 million since the beginning of the recession. Don’t let the BLS fool you. If they’re being replaced at all, it’s with part-time jobs.

Peter Morici, an economics professor, explained the reason for the shift away from full-time positions. Businesses “are finding health insurance too expensive to provide [full-time] employees,” he told The New American, “and if they cut down to part-time workers, turning three jobs into four, they avoid all that… Some folks will have to work two jobs to make ends meet, and they still don’t get health care.”