Obamacare and West Michigan economic growth in 2014
Brian Long Photo Credit GVSU
Patrick Center January 10, 2014 | WGVU What will factor into West Michigan’s 2014 economic trajectory? Brian Long who heads up Supply Management Research at Grand Valley’s Seidman College of Business says automotive sales, industrial inflation, interest rates, real estate, unemployment are on his radar, but it’s Obamacare that’s the blip he’s focusing on.
“This has resulted in many small companies not hiring and say we’re going to sit back and wait and see what settles out on all of this? Other companies are simply going to go ahead and continue hiring but they’re going to drop their medical benefits all together.”
While Long describes the Affordable Care Act as “One of the worst messes in recent history” he also explains “it doesn’t affect the supply chain for almost all of the companies in the survey.”
“The only companies Obamacare really affects the supply chain on are those associated with the medical field.”
The December survey reveals a slowdown in auto sales, but even a flattening at these levels signals profitability. As for employment in 2014? Long foresees continued improvement.
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