Obama’s Part Time Economy

We’ve gone over this before, but it’s worth repeating. Obamacare is forcing employers all across the United States to cut the number of hours employees can work in order to stay in business and remain profitable.

When my better half told me that her boss was thinking about cutting all full-time employees to part time in order to avoid the Patient Protection and Affordable Care Act insurance requirements (for full-time employees), my initial response was, “Surely the federal government wouldn’t have allowed such a blatantly obvious way of getting out of the requirement.” But that turned out to be false.

In fact, major names in the service/hospitality industry (e.g., Denny’s, Olive Garden, Red Lobster and Longhorn Steakhouse) are already in the process of going to a part-time employee schedule for all employees. Thus, as a very possible consequence of the short-sightedness of the Affordable Care Act legislators, more people will be working two jobs to make ends meet.

Yet acquiring a second part-time job may be an impossibility for a large number of service/hospitality employees. (Read More)

It isn’t just the hospitality industry, either. Community colleges and small to medium sized businesses are all going to have to rethink their business models. The reelection of Obama pretty much sealed the deal. If you think the economy is bad now, just wait. But it’s not like nobody saw this coming, as Smitty said, “Sow crap policy, reap policy crap.”

In sort-of related news, did you see the Black Friday headlines from earlier today? Via Drudge, it wasn’t pretty out there.

Just wait until next year and see what it’s going to be like after they raise all of our taxes and more workers are pushed into part time jobs.