"The reduction, about twice the agency’s estimates in 2010, is due “almost entirely” to low-wage employees who may choose to give up extra hours of work to avoid losing subsidies or tax advantages under the law, the report said."
So people will give up hours to keep their subsidies... leaving themselves in the better position.
But if they work fewer hours, won't employers need to hire a few more workers?
hey 3Saints, do you read the crap you post?
Jason Furman, chairman of the White House Council of Economic Advisers, said the labor market is more complicated than a simple calculation of how many people are seeking more hours of work.
“CBO’s analysis itself is about the choices that workers are making in the face of new options afforded to them by the Affordable Care Act, not something about firms destroying jobs,” Furman said in a briefing with reporters. “I have no doubt that if, for example, we got rid of Social Security and Medicare, there are many 95-year-olds that would choose to work more. I don’t think anyone would say that was a compelling argument to eliminate Social Security and Medicare.”