Remember what the President said about the ACA and the Labor Market

By default, if the supply of labor decreases, the demand will increase. And since this market has consistently had an excess supply (for the last 10-15 years), then there will be NO decrease in the amount of jobs offered. Perhaps you have other concerns, but this slack MUST be eliminated if you are truly a proponent of efficient markets. And as the demand increases, so will the buyer's price offered to labor's sellers, i.e. wages will rise. If there is a downside to any of this, they do not in any way redound to the job seekers; at least not until the unemployment rate drops to the 4% range, and the involuntary labor participation rate decreased considerably from it's current level. We are quite a ways away from either of those occurrences. Though I don't believe my analysis can be challenged, I am interested to hear your refutation.
via:http://caseymulligan.blogspot.in/2014/02/remember-what-president-said-about-aca.html