IBD Jed Graham Flags Sectors Where Average Hours Are Falling, Indicating Obamacare-Driven Increase in Part-Time Work
It’s fair to say that about the only holdouts against the idea that part-time work is up and that employee hours are being reduced around the economy are the Obama White House and a few Obama White House alumni. It’s also fair to say that there are very few holdouts against the idea that the cause for this is Obamacare’s 30-hours-per-week definition of a full-time employee, which is causing far more businesses than usual to cut existing workers’ hours and to limit their hiring to part-timers. Even Obama-sympathetic NBC did a report on Obamacare’s impact earlier this week. The White House dismissed what NBC found as “merely anecdotal.”
All along, everyone — yes, this includes yours truly — has been concentrating on overall changes in the average work week, which have been very minimal. But Jed Graham at Investor’s Business Daily, doing work which apparently no one else in the business press has been willing or discerning enough to do for all these months as the issue has raged, identified four industry sectors where average weekly hours have dropped significantly, and where it’s hard to claim that anything except Obamacare could be the culprit.