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Will Obamacare create the new 29hr work week?

JEDI

JEDI

Lifer
http://money.cnn.com/2013/07/08/smallbusiness/obamacare-fatburger/index.html

Under the Affordable Care Act, companies with 50-plus full-time employees must start offering them health insurance or face stiff penalties.

Because a 30-hour work week counts as full-time under Obamacare, Fatburger fast-food restaurants had started cutting worker hours below that threshold, CEO Andy Wiederhorn said.


would the bottom line be increased for Fortune 500 companies to reduce all but the 49 most crucial employees (ie: CEO + top mgrs) to 29hrs week?

and since they're working 29hrs, their pay will also be reduced.

but since they are salaried, hope they still work 40+ hrs/week?
 
The vast majority of the people in this "group" voted for our Dear Leader, so they're getting what they asked for.

There will be major changes in the way corporations do business due to this. MANY more part-time employees and contractors rather than full-time people.
 
Wouldn't it be cheaper to pay the penalty and cut their health insurance.

The lower/middle lower income people are going to get hosed.

Read somewhere about employee exchanges...company A and B work them for 20 hrs each and then swap for the other 20hrs.
 
Second largest US employer today is a temp agency. That should tell you something about the situation we are in.
 
highland145 said:
Wouldn't it be cheaper to pay the penalty and cut their health insurance.

The lower/middle lower income people are going to get hosed.

Read somewhere about employee exchanges...company A and B works them for 20 hrs each and then swap for the other 20hrs.
Click to expand...


Yes right now it's cheaper, but no smart business is going to hire a bunch of full time people then pay the penalty knowing that the penalty will likely go up.

No business wants to put that kind of stake in a gubment imposed mandatory fine, way too much risk. Now that we're on this path of gubment handout healthcare it makes FAR more sense to cater your hiring/firing around these new laws... IE hire a few full-time long term managers, and treat everyone else like a part-time short term peon. Screw their hours, and healthcare, and all that jazz.

Mark my words, the majority of our workforce is going to move towards contract labor which really is not a healthy way for most business professionals to work.
 
Employers trying to find as many ways to spend as little on employees as possible while using them as effectively as possible to make a profit... News at 11!
 
my company currently only hires people as 1099 private contractors, when in pretty much every definition we are employees
 
TheVrolok said:
Employers trying to find as many ways to spend as little on employees as possible while using them as effectively as possible to make a profit... News at 11!
Click to expand...

And government rushing through legislation without paying much attention to any arguments against said legislation or understanding as to what was really written in it or how it would affect the business environment before others claimed they had to vote on it before they could read it. Naw that's not news that's just how they roll.
 
Munky said:
People without blinders on have been predicting this for years.
Click to expand...

No but think of the children, think of the poor people, think of...*insert group as a means to appeal to emotion*.

Any government enacted system which reduces market competition goods or services and further regulates, subsidizes and adds iron mandates to an already heavily subsidized and regulated industry is going to create these unintended outcomes no matter how well intentioned law makers maybe in the end.
 
We'd certainly all be much better off if Obama had been able to pass single-payer health care instead of this watered down Republican health care plan. Then employers wouldn't be in the health care game at all.
 
Jaskalas said:
Obama's crowning achievement is a... Republican plan? :colbert:
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Yep. Obamacare originated as a proposal from the Heritage Foundation, a conservative think tank, as a way to have private industry provided health care reform. It's no coincidence Mitt Romney put it into place first as governor. Obamacare is nothing but a Republican health care plan, but since anything Obama has to be treated like it's Satan's worst excrement, suddenly it's ~*socialism*~

Obama is basically a 1990s centrist Republican president in every way except 1) he's black and 2) he's listed as a Democrat. It's pretty funny how he keeps proposing 1990s Republican ideas which are suddenly SOCIALISM AAHHHHH like cap and trade and Obamacare. If he said water was good to drink we'd have a nation of dehydrated Republicans.

DucatiMonster696 said:
No but think of the children, think of the poor people, think of...*insert group as a means to appeal to emotion*.

Any government enacted system which reduces market competition goods or services and further regulates, subsidizes and adds iron mandates to an already heavily subsidized and regulated industry is going to create these unintended outcomes no matter how well intentioned law makers maybe in the end.
Click to expand...
These sort of unintended outcomes are why Democrats have been trying to amend and fix Obamacare as it slowly started going into effect. Unfortunately, the whiny baby caucus of the Congressional GOP won't allow any fixes to get through Congress since they think making Obamacare as bad as possible is how they're going to get it repealed, good of the nation be damned.
 
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berzerker60 said:
Yep. Obamacare originated as a proposal from the Heritage Foundation, a conservative think tank, as a way to have private industry provided health care reform. It's no coincidence Mitt Romney put it into place first as governor. Obamacare is nothing but a Republican health care plan, but since anything Obama has to be treated like it's Satan's worst excrement, suddenly it's ~*socialism*~

Obama is basically a 1990s centrist Republican president in every way except 1) he's black and 2) he's listed as a Democrat. It's pretty funny how he keeps proposing 1990s Republican ideas which are suddenly SOCIALISM AAHHHHH like cap and trade and Obamacare. If he said water was good to drink we'd have a nation of dehydrated Republicans.


These sort of unintended outcomes are why Democrats have been trying to amend and fix Obamacare as it slowly started going into effect. Unfortunately, the whiny baby caucus of the Congressional GOP won't allow any fixes to get through Congress since they think making Obamacare as bad as possible is how they're going to get it repealed, good of the nation be damned.
Click to expand...
half
 
Our Dear Leader's followers shall not hold him accountable for anything.

Anything bad that happens in this country is the direct fault of those dirty republicans.



🙄
 
I have done 2 things to offset regulations and the Obamacare mandate.

I have setup a US subsidiary to which I am hiring new employees to keep my employment rolls below 50. I have also expanded over in India and while that is expensive, its well worth the cost/effort/initial headache.

Funny. Jesse Jackson was on FNC discussing teen (black) unemployment in the city. Saying that people need to take a chance on teens. I fully agree with this and would gladly hire/train teens for remedial jobs however government regulation makes this impossible at a practical level.

One think I am waiting to hear back on from my tax attorney is how this hourly benchmark is tied to salaried employees.
 
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I think there will be a trend of this for a while across the labor market, but then it settles as just effecting lower-class service jobs.

Companies are just forgetting why they provide benefits. Here is a clue: you get little employee loyalty without it.
 
poofyhairguy said:
I think there will be a trend of this for a while across the labor market, but then it settles as just effecting lower-class service jobs.

Companies are just forgetting why they provide benefits. Here is a clue: you get little employee loyalty without it.
Click to expand...

Huh, I give benefits as part of a total compensation package and benefits like health insurance provides tax relief that direct payments to an employee would not receive.

In the end the cost of employment is the same to an employer but strutting benefits in certain ways can provide a great tax advantage to an employee.
 
I'm not sure who these smug "this is what you get" statements are addressed to. Nobody's in here wailing and gnashing teeth at how horrible and apocalyptic things are getting. We'll see what happens, and once the insane caucus of the GOP gets kicked out - be it in 2 years of 10 - we'll start revising Obamacare to remove some of its problems and strengthen other areas. Hell, maybe the death of today's GOP over the next 20 years will mean we finally get civilized, single-payer health care and this whole discussion will be moot.
 
This is happening to everyone we know who works part time in unskilled labor positions -

Employers are so freaked out about this they prevent anyone from being scheduled more than 28hrs a week for fear that a bit of OT could lead them to 30hrs, they are also hiring more staff and cutting hours.

These folks will be working two part-time unskilled labor jobs in order to earn a 40-50hr work week now.

How do I know this? Family members are in HS with HS friends who all work part time jobs in (retail, movie theater, ice cream shops, food service) and are having hours cut while also seeing an influx of new faces as hiring is way up. Of course the management have stated NO ONE is to have more than 28hrs other than Managers.

One way to get the unemployment rate down................
 
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