Olive Garden, Hardees, Red Lobster cutting ... thanks Obummer

[Greene Guy]

Job seekers will soon have a harder time finding full-time work, thanks to Obamacare. As of 2014, the law will attempt to force employers to provide insurance — but in doing so, it will have the unintended effect of making part-time employees more desirable than full-timers.

That’s because if a business with more than 49 full-time employees fails to offer insurance coverage, it will be required to pay a fine. And the fine will apply starting not with the 50th employee, but with the 31st. At $2,000 per employee after the first 30, these fines add up fast. A business that surpasses the threshold by just one full-time employee will face $40,000 each year in penalties.

Businesses that can easily substitute part-time for full-time labor — in particular restaurants, hotels, and retailers — will have a strong incentive to do so. The Wall Street Journal reports that Carl’s Jr., Hardee’s, Red Lobster, and Olive Garden are already planning to hire part-timers instead of full-timers at some or all of their locations. Other employers will restrict their current full-time employees to 30 hours a week so that they will be considered part-time under the law. And, of course, some businesses will opt to stay smaller. France provides an instructive example: There, 50 employees is the magic threshold for whether labor regulations apply. And — no surprise — the country “has more than 2.4 times as many firms with 49 employees as with 50,” Jed Graham notes in Investor’s Business Daily.

[whothehellcares]

Retail and fast food places have already been hiring mostly part time people so they don't have to provide insurance, that is nothing new...

[Greene Guy]

you are forgetting store managers..... assistant managers ..... I have been in fast food and know how it works. I spent 5 years busting my butt in a resturant trying to pay my way thru school. I actually worked 2 jobs in the summers. It actually took me 6 years to make it thru school.... but when I walked across the stage to graduate ..... I walked off that stage debt free. :) Only thing I regret is not taking a typing class...LOL

[OUTLAW RACER]

Greene Guy wrote:

you are forgetting store managers..... assistant managers ..... I have been in fast food and know how it works. I spent 5 years busting my butt in a resturant trying to pay my way thru school. I actually worked 2 jobs in the summers. It actually took me 6 years to make it thru school.... but when I walked across the stage to graduate ..... I walked off that stage debt free.:) Only thing I regret is not taking a typing class...LOL

Congrats. Agree completely on the typing class.

[Session_Whine]

I am a temp hoping to be made full time but I think it will not happen! But they will hopefully keep me on indefinitely. There are almost as many temps as full time people at my company right now. I guess it's good news for the Temp industry.

P.S. I worked at my last job for 10 years and we lost our medical due to the economy. So it's not like I had it anyway. If I get cancer I won't know it.

[Fed up with Obama]

You guys voted him back in. This really sucks.

[if that moron]

george w. bush (and his puppeteer dick head cheney) had been in the oval office during the attack on pearl harbor, they would have invaded mexico.

[bulkinup]

It's still Bush's fault...geeez...get in the know