04-22-2017, 11:34 AM
(04-11-2017, 09:21 AM)GMDino Wrote: http://www.investopedia.com/insights/goldman-sachs-concludes-obamacare-added-500k-jobs/?partner=YahooSA&yptr=yahoo&ref=yfpThe article's conclusion is overreaching and too broad.
Read more: Goldman Sachs Concludes Obamacare Added 500k Jobs | Investopedia http://www.investopedia.com/insights/goldman-sachs-concludes-obamacare-added-500k-jobs/#ixzz4dwW5zI9o
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It doesn't take a rocket scientist to figure that demand rises when more people have access to goods/serves (in this case healthcare when more people get insured) . It's not surprising that the healthcare industry needs to hire more to meet rising demand. That's basically what this article is saying: Economics 101
What it isn't saying is that the overall economy experienced job growth as a result of the ACA, nor does it say that the gains in the healthcare industry offset potential losses in other sectors resulting from the ACA.
Also, there's a difference between employing people and creating jobs. Unless economists can demonstrate that individuals would've otherwise been unemployed if it weren't for these jobs, they're making a huge leap in in their argument.
