A consequence of the previous page – These People are Afraid of a Brain Drain?! – is, if they believe what they say, then they know this law is bad for Americans.
If abiding ObamaCare would cause high-value aides to leave, then ObamaCare must be judged as being anti-competitive. Therefore, when American business is brought into compliance, it will reduce our competiveness, causing business to do whatever it can to reduce the arbitrary costs of ObamaCare – set key employees aside and 1099 or part-time as many of the rest as they can. If you’re small enough, do what you can to stay under 50 employees. Avoid union involvement (they will bind you to the most expensive plans). One can only guess how much of a depressive this exerts on the unemployment and labor participation rates.
People who repeatedly seem mystified by the effect of regulation on employment are forgetting a fundamental relationship in business – to be hired, you must be worth more to the company than you cost. If, for example, you make $25 an hour (of which you take home ~$20), you cost your company ~$39.73 an hour, thus you must represent more than $39.73 an hour of productivity, else the company has no reason to incur the cost. Everything that increases the cost of employment depresses employment. It’s not rocket science.
Therefore, it behooves every company to minimize the costs of ObamaCare, depressing hiring, and what hiring does occur will be less favorable to the new-hire (than before ObamaCare). The 99%, in other words, are the ultimate victims of a program that says it helps them.
“But wait!” I hear you scream, “the unemployed with ObamaCare are better off than the unemployed before ObamaCare.” Well, yes, but, being unemployed, their premiums are picked up by everybody else, raising absolute governmental costs of ObamaCare, resulting in some combination of higher debt and higher taxes. This, of course, further raises the business cost of hiring, further depressing hiring, further increasing unemployment, putting more people in the subsidized pool, further raising government spending, and so on.
It’s a self-licking ice cream cone – it’s set up to solve a problem it creates.