Monday, November 5, 2012

ObamaCare casualties as a result, ironically, of Healthcare reform. Low wage workers will see their hours cut and limited full-time work possibilities in the future. This can't be what the law intended, right?

 

Yup.  Wrote about this last week (HERE)  in regards to an IRS ruling outling businesses responsibility in recording hours worked by employess to comply with the provisions of "Obama-Care".

Beware of unintended (not to be confused with unforseen) consequences of major legislation passed in a relative rush with much discussion. 

The devil is ALWAYS in the detail of big legislation and this one is going to harm low wage/entry level workers and they are not even going to know why. There are always costs to "greater good" policies. It is just necessary to acknowledge them.

From The Wall Street Journal
Some low-wage employers are moving toward hiring part-time workers instead of full-time ones to mitigate the health-care overhaul's requirement that large companies provide health insurance for full-time workers or pay a fee.
Several restaurants, hotels and retailers have started or are preparing to limit schedules of hourly workers to below 30 hours a week. That is the threshold at which large employers in 2014 would have to offer workers a minimum level of insurance or pay a penalty starting at $2,000 for each worker.
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