That particular item didn't escape the vigilant eye of Dr. Drew Gonshorowski, a Heritage Foundation policy analyst. In his examination of the budget, Dr. Gonshorowski discovered that Obamacare will lower aggregate labor compensation by 1% each year. That's a total $1.016T reduction between 2017 and 2024.
So, what's that really mean?
Dr. Gonshorowski modeled the 1% reduction across all states and income groups. Well, lo and behold, individuals--on average--will receive somewhere between $700-$900 less in compensation during those years. Worse yet, this represents a 6% reduction in compensation for individuals at the poverty level.
Why haven't liberals awoken to the scam! For lower-income individuals, the lost compensation is a much higher percentage of their income--what the left calls the "1%"--than it is for higher-income Americans--what the left calls the "99%." And that's to say nothing about how low-income Americans will also be working fewer hours due to the left's beloved experiment in socialism, Obamacare, meaning low income Americans will gain less experience as well as the corresponding skills needed if they are to move up the income ladder, thus stunting future earnings.
Where's the outrage on the left?
Oh, and lest The Motley Monk forget: This is the left's budget!
Let's face it: This is the real "hope and change" and "social justice" that President Obama and his minions have envisioned all along. How's that for rewarding all of 99% who have supported the President by electing him twice?
Let the discussion begin...
To read Dr. Drew Gonshorowski's paper, click on the following link:
"Compensation and ObamaCare's Impact on Low-Wage Workers."