Even Left-Leaning Econ Writers Are Impoverished By Obamacare
“We’re Hiring Economics Writers,” says the headline of a post at the web site FiveThirtyEight.
Good for them.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More
Then they write:
This is a part-time staff position (up to 29 hours per week) and does not offer benefits.
Any idea why they chose 29 hours?
Here’s how a video at Prager University puts it:
This is Kelly. She’s a hard-working, independent college student. To pay for school, she works between 35 and 39 hours a week at her local grocery store.
But today’s been rough for Kelly. She has just been told that she’s now part of a new group of Americans: the “29ers”…
Starting in 2015, the Affordable Care Act requires many companies to offer health insurance to employees who work 30 hours or more a week. As you may have guessed, the grocery store Kelly works for is one of these companies.
Reprinted from EconLog.
David Henderson is a research fellow with the Hoover Institution and an economics professor at the Graduate School of Business and Public Policy, Naval Postgraduate School, Monterey, California. He is editor of The Concise Encyclopedia of Economics (Liberty Fund) and blogs at econlib.org.
This article was originally published on FEE.org. Read the original article.