February 24, 2013
Introducing, 'The 29'ers'
In the Brave New World wrought by Obamacare, there are some truly bizarre effects being felt by individuals and businesses as we prepare for the implementation of the the act. The Wall Street Journal points out a doozy: Here's a trend you'll be reading more about: part-time "job sharing," not only within firms but across different businesses. It's already happening across the country at fast-food restaurants, as employers try to avoid being punished by the Affordable Care Act. In some cases we've heard about, a local McDonalds has hired employees to operate the cash register or flip burgers for 20 hours a week and then the workers head to the nearby Burger King or Wendy's to log another 20 hours. Other employees take the opposite shifts. Welcome to the strange new world of small-business hiring under ObamaCare. The law requires firms with 50 or more "full-time equivalent workers" to offer health plans to employees who work more than 30 hours a week. (The law says "equivalent"...(Read Full Post)