November 23, 2014: it's amazing how fast things turn. Now that the mid-term elections are over and the media begins to push POTUS off-center stage to make room for Hillary and Pocahontas, the "stuff" we all predicted is now being reported. More and more, folks are realizing it's not the hourly wage that is the problem for many Americans in minimum wage jobs, it is the number of hours they are allowed to work by their employer that matters.
In the original post below, and for the past two years, there have been many posts on how ObamaCare's 30-hour rule would hurt the lower socioeconomic class. Mainstream media even trotted out "studies" that suggested that wasn't true.
Now CNNMoney is reporting what I've been saying for the past two years. It's actually worse than I thought:
The number of people working part-time involuntarily is more than 50% higher than when the recession began.
There was a similar spike in part-time workers in prior recessions, but it dropped quickly. That's not happening this time around. In fact, some states have seen an increase during the recovery in people languishing in part-time jobs who want something more.I find it more than coincidental that employers have chosen 29 hours as the cut-off:
The Affordable Care Act, or Obamacare, requires employers to provide health insurance to employees working 30 or more hours a week in 2015.
There has been concern that some businesses will scale back worker hours to avoid having to provide insurance. Walmart, the nation's largest employer, announced in October that it will not provide health care coverage for about 26,000 of its part-time employees, although it did not attribute this move directly to Obamacare.
Target, Home Depot, Walgreens, and Trader Joe's have made similar announcements. Meghan Brachle can only get 29 hours a week at Whole Foods, one of her three part-time jobs. Whole Foods offers a health care plan to part-time employees, but Brachle says she would have to pay about $200 a month.The article is extremely interesting, and again, an article we did not see prior to the mid-term elections.
- franchising, to keep number of employees under 50 in each "company"
- reduce hours
We talked about this two years ago, I think.
By the way, again, this is nothing new. It could have been published two months ago, before the midterm elections. But now that the elections are over, the truth can be published. It's time to move POTUS off center stage of this three-ring circus to make room for Hillary (and Pocahontas).