The unintended but foreseeable consequences of Obamacare
5/7/2010
The jobs report for April has been released and the news is mixed. The economy added 270,000 jobs, but this was not enough to offset the rise in the number of people looking for work. Accordingly, the unemployment rate rose from 9.7 percent to 9.9 percent.
Meanwhile, Diana Furchtgott-Roth of the Manhattan Institute explains why Obamacare is likely to cause employers not to hire as many workers as they otherwise would, particularly among the ranks of the unskilled and the young.
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