CBO Triples Job Hours Lost to Obamacare

[bjl584]

http://www.cnbc.com/id/101352868

"historically high number of people will be locked out of the workforce by 2021, according to a report by the Congressional Budget Office released Tuesday.

President Barack Obama's signature health-care law will contribute to this phenomenon, the CBO said, citing new estimates that the Affordable Care Act will cause a larger than-expected reduction in working hours eliminating the equivalent of about 2.3 million workers in 2021."

[Joan.of.the.Arch]

I don't understand the choice of the words "locked out" when it is followed by this:

"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive," said the report.

The underlining was added by me, not in the article you linked.

[kyrie]

It just keeps getting worse and worse, doesn't it?

[creditcardfree]

It just keeps getting worse and worse, doesn't it?

Yep...this really isn't good.