Retailers are cutting worker hours at a rate not seen in more than three decades — a sudden shift that can only be explained by the onset of ObamaCare's employer mandates.
Nonsupervisory employees logged an average 30.0 hours per week in April, the shortest retail workweek since early 2010, Labor Department data out Friday show.
[...]
Starting in 2014, large employers will face nondeductible fines of up to $3,000 per full-time worker who gets subsidized coverage via ObamaCare exchanges because qualifying coverage isn't available via the workplace. Next year's fines will be influenced by staffing levels in the second half of 2013.
One way for employers to minimize the costs of providing "affordable" coverage to modest-wage workers is to shift more work to part-time, defined as less than 30 hours per week under ObamaCare.
A multitude of companies have said they're considering a shift to more part-time work. Now, beyond the anecdotal reports, the ObamaCare effect is becoming evident in official data.
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2 comments:
In the near future, thanks to Obamacare, the new normal for poor and middle class families will be two or three part-time jobs, if they can find the work. For many, it may mean a combination of part-time work and government welfare. The cynical part of me can't help but wonder if that wasn't the whole point.
Yes, time for some companies to start finding all the loopholes they can to deny their own hard working staff access to healthcare.
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