According to a new report by the Cato Institute, employment rates could skyrocket, thanks to ObamaCare. Casey Mulligan of the University of Chicago calculates that penalties and ineligibilities for subsidies will make it more profitable for millions of traditionally-defined fulltime employees to work only 29 hours a week. This conservative estimate even assumes that an extra eleven hours of leisure time a week is of no value to workers.
Then again, I may be misinterpreting the analysis. Some legislator could destroy employers’ incentives to produce more than 75 percent of their current output, as well.
