I'l bet over 200,000 folks voted in the presidential election to have their own jobs eliminated - they just didn't realize what their vote meant… Quoting: Anonymous Coward 2257547
In the trickle down effect, this results in substantially less revenue for the government - which must in turn, reduce payments to those that are not contributing. The death spiral has begun...
Well, imho, I actually belive the immediate result of obamacare will be more people with jobs.
Larger companies will reduce hours for as many as possible, to get under obamacare limit. In turn actually hiring more people to make up for the shortfall.
Smaller business will downsize, but I reckon the smartet business owners will simply start another company and move over some employees. ie divide their business.
This will have the effect of putting more people in work, and make statistics look nice. Even improving statistics for newly started business and so on.
But the "boom" will be an illusion, because we are talking more people working but with much less pay. Less inclined to spend on anything unnecessary.
The secondary effect will come after 3-6 months into 2013, when the boom in jobs fail to translate into a higher economic activity...
...and the realisation that things are, well, not as rosy, will probably set in by second half next year.