VIDEO: IHOP Owner Fears Obamacare’s Impact on Jobs and Economy "Under the year-old law, Womack must provide health insurance to all full-time employees beginning in 2014. Right now, he employs nearly 1,000 full- and part-time workers and already offers insurance to his management staff. He simply does not know how he’ll generate the revenue to do more."Womack estimates the cost of the law to his company will be 50 percent greater than his company’s earnings — in other words, beyond his ability to pay."
Happy Birthday, Obamacare? What It Really Means for American Businesses "...Obamacare also creates penalties for firms with more than 50 workers that do not provide employees with a level of health coverage deemed adequate by Washington. This discourages small businesses from expanding. As Heritage analyst Brian Blase writes, “The economic effects of the employer mandate will likely be lower profits for many businesses, lower wages for millions of workers, increased unemployment, and higher prices for many goods and services.” Since employers will be required to increase the amount they compensate workers in the form of benefits, they will reduce the amount of compensation they provide as wages, since, after all, “Productivity gains, not acts of Congress, are required to increase worker compensation over time.”"
No comments:
Post a Comment