Friday, June 29, 2012

Where Will The Jobs Go?

The Obama administration's "win" on the Affordable Care Act has dealt a negative blow to the economy that couldn't have come at a worse time. Just when the economy started showing signs of improvement, "Obamacare" has covered any optimistic outlook with a wet, stinky blanket. Businesses now face some tough decisions. Corporations across the land gathered in boardrooms to discuss how to proceed with the new laws. It's not going to be financially feasible to keep extra workers or to expand workforces. Some will have to cut jobs. Most will not be hiring any new workers and will reduce through attrition. Some companies that may be slowly expanding may choose to scale back. As a result many more workers will be displaced and their earnings gone. This new climate doesn't bode well for anyone. It most certainly appears that a few people in our country would rather visit the doctor than work.

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