Having secured another four years in the White House, Obama can now block any effort to overturn his socialized medicine law — although states can (thankfully) still stop much of its new spending if they reject ObamaCare's "exchanges" and refuse its Medicaid enrollment expansions. For the sake of our future deficits, let's hope they do so en masse. One provision of ObamaCare that can no longer be stopped, however, is its "employer mandate." While nowhere near as infamous as the "individual mandate" compelling citizen participation in the health insurance market, ObamaCare's requirement that companies provide coverage to all employees working more than 30 hours a week will be a job killer nonetheless. Not only will this mandate prevent job growth among small businesses, it will also result in fewer hours and less income for workers at larger companies. These are people struggling to make ends meet on limited income — people who cannot afford to lose these hours. Last month Darden Restaurants — which employs 185,000 people at nearly 2,000 Olive Garden, Longhorn Steakhouse and Red Lobster restaurants — revealed that it was scaling back many of its employees' workweeks to 28 hours. Ordinarily such a move would result in high turnover and an influx of less-competent employees — but not in Obama's economy. This month Kroger — the grocer that employs 350,000 people — announced that existing part-time workers and new hires would be limited to working 28 hours per week. "Kroger is doing this to avoid paying for full-time health care for employees who currently only receive part-time benefits," one employee explains. "And (so) they will not get hit with the $3,000 penalty."Read the full editorial at the link above.
Thursday, November 15, 2012
Kroger going Galt? Olive Garden, Longhorn Steakhouse and Red Lobster restaurants join in by cutting employee work hours due to ObamaCare
Excerpted, column by Howard Rich, Investor's Business Daily, "ObamaCare Mandate To Cut Worker Hours, Leaving The Poor Worse Off":