Updates
Later, 5:38 pm: small businesses, also. CNBC is reporting:
Small business owners' fear of the effect of the new health-care reform law on their bottom line is prompting many to hold off on hiring and even to shed jobs in some cases, a recent poll found.
"We were startled because we know that employers were concerned about the Affordable Care Act and the effects it would have on their business, but we didn't realize the extent they were concerned, or that the businesses were being proactive to make sure the effects of the ACA actually were minimized," said attorney Steven Friedman of Littler Mendelson. His firm, which specializes in employment law, commissioned the Gallup poll.
Cue up Connie Francis.
"If the small businesses' fears are reasonable, then it could mean that the small business sector grows slower than what economic conditions otherwise would indicate. And small businesses have been a growth engine in the economy," Friedman told CNBC.
Original Post
An absolute train wreck on so many levels. Investor's Business Daily is reporting:
Yet while private companies are getting all this unwelcome and hostile attention, local governments across the country have been quietly doing exactly the same thing — cutting part-time hours specifically so they can skirt ObamaCare's costly employer mandate, while complaining about the law in some of the harshest terms anyone has uttered in public.
The result is that part-time government workers — many of them low-income — face pay cuts that can top $3,000 a year, and yet will still be left without employer-provided benefits.The MDW was among the first to talk about this reality of O'BamaCare. What I have not seen addressed to my satisfaction is who will do the actual counting of temporary vs permanent workers in any organization. My hunch is that simply calling someone temporary because he/she works only 29 hours will not be the way the IRS interprets the law.
Also missing from much of this discussion is whether overtime will now be mandated after 29 hours/week of work.
A lot more folks are going to be underemployed after O'BamaCare kicks in. Maybe that's why the administration needs all those immigrants. Talk about exploitation.
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