Sunday, February 9, 2014

The myth of Obama's part-time workforce

Here's a graph from Derek Thompson that shows how U.S. part-time employment rises and falls, historically, in perfect sync with recessions and recoveries:

That's right.  No negative Obamacare effect at all.  Zilch.  In fact, Thompson notes that, "in the last year, new full-time jobs outnumbered part-time jobs by 1.8 million to 8,000. For every new part-time job, we're creating 225 full-time positions."  

Here's how Thompson sums how badly many journalists are skewing economic reality:

It is a free country, and journalists have every constitutional right to claim that we're moving toward a Part-Time America. They will, however, be in the uncomfortable position of making a falsifiable statement that has been relentlessly falsified by every available statistic. The entire increase in part-time employment happened before Obamacare became a law.

Wherefore the dastardly lib'rul media when we need them?

By Derek Thomson
February 7, 2014 | The Atlantic

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