Maggie's Farm

ObamaCare will hurt many among the poor and vulnerable.  ObamaCare will reduce employment prospects for those lower in the wage scale.  ObamaCare will reduce the economy’s growth that creates jobs, and pays the taxes for social and basic governmental programs.

Simple economic and business truth #1: Increase the cost of employing workers and fewer will be employed.

Simple economic and business truth #2: The more marginal workers and those with fewer skills will go first or not be hired.

Simple economic and business truth #3: To maintain or expand production, with fewer workers, substitute capital investment and use of more skilled workers.

Simple economic and business truth #4: Increased taxes on investments reduces the availability of capital and there’s less to invest or hire.

Simple economic and business truth #5: These truths don’t seem to hold for government workers, as taxes increase to keep them employed and their unions cut deals with politicians to not cut their wages, benefits or numbers.