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I really feel so sorry for these corporations and small business owners of what they are going through and what they face in the future due to this deadly disease called Obamacare. It is a shame that this disease called Obamacare was created, manufactured and then purposely spread across America to purposely infect the backbone that drives the economy. This was all done by it's carrier, President Obama. Now Applebee's has been infected with the effects of Obamacare. This is totally tragic.
An Applebee's New York area franchisee is the latest CEO to go public threatening drastic plans to avoid costs associated with the Affordable Care Act, otherwise known as Obamacare.
"We've calculated it will [cost] some millions of dollars across our system. So what does that say -- that says we won't build more restaurants. We won't hire more people," Zane Tankel, chairman and CEO of Apple-Metro, told Fox Business Network on Thursday.
"If you have 40 or 50 employees at a restaurant, and the penalty is $2,000, and you're going to pay $80,000 or $100,000 penalty, there goes the profit in your restaurant."
The U.S. government wouldn't have ever needed to mandate employers to help insure employees if they had been doing it in the first place.
Would it cost Applebee's anything extra if they had already been offering insurance to their employees? No. The 39.5 hour workweek has been around for awhile now, and it's no coincidence that employers (like Applebee's) all cut work hours just short of allowing workers to be eligible for benefits.
The cause and effect of the Affordable Healthcare Act is not: Force employers to insure employees out of nowhere, therefor, employers stop hiring employees that they need to perform business duties.
The cause and effect of "Obamacare" was: Employers cared more about Wall Street investors that didn't like losing money on benefits packages than they did their workers so they stopped hiring full time employees that would be eligible for those benefits, therefor, the U.S. gov't and the American people said, "Enough is enough."
If hugely profitable employers hadn't been so cheap then "Obamacare" wouldn't have ever happened.
I really feel so sorry for these corporations and small business owners of what they are going through and what they face in the future due to this deadly disease called Obamacare. It is a shame that this disease called Obamacare was created, manufactured and then purposely spread across America to purposely infect the backbone that drives the economy. This was all done by it's carrier, President Obama. Now Applebee's has been infected with the effects of Obamacare. This is totally tragic.
An Applebee's New York area franchisee is the latest CEO to go public threatening drastic plans to avoid costs associated with the Affordable Care Act, otherwise known as Obamacare.
"We've calculated it will [cost] some millions of dollars across our system. So what does that say -- that says we won't build more restaurants. We won't hire more people," Zane Tankel, chairman and CEO of Apple-Metro, told Fox Business Network on Thursday.
"If you have 40 or 50 employees at a restaurant, and the penalty is $2,000, and you're going to pay $80,000 or $100,000 penalty, there goes the profit in your restaurant."
It is what was warned about and personally I don't think obama and the liberals care I think it is what they want! It will put more voters in their corner they hope. And more of a push towards the socialistic country they want to control
No sympathy. Employers have been screwing over employees for years, especially in this economy where they can reject the unemployed and be as picky as possible. Maybe if they didn't require a Master's degree and 10 years experience to say, "May I get you something to drink?", I might actually give a crap about their plight. But I don't.
The U.S. government wouldn't have ever needed to mandate employers to help insure employees if they had been doing it in the first place.
Would it cost Applebee's anything extra if they had already been offering insurance to their employees? No. The 39.5 hour workweek has been around for awhile now, and it's no coincidence that employers (like Applebee's) all cut work hours just short of allowing workers to be eligible for benefits.
The cause and effect of the Affordable Healthcare Act is not: Force employers to insure employees out of nowhere, therefor, employers stop hiring employees that they need to perform business duties.
The cause and effect of "Obamacare" was: Employers cared more about Wall Street investors that didn't like losing money on benefits packages than they did their workers so they stopped hiring full time employees that would be eligible for those benefits, therefor, the U.S. gov't and the American people said, "Enough is enough."
If hugely profitable employers hadn't been so cheap then "Obamacare" wouldn't have ever happened.
Um, YES. The cost of their insurance. To a small business that can be the difference between profit and loss. That's why they don't offer insurance.
Note that the penalty is less than the cost of insurance and IT ALONE will result in restaurants becomming unprofitable. How do you expect them to pay for insurance and stay in business? Raise prices until people refuse to eat there?
If I owned a restaurant right now, I'd cut all of my employees back to less than 30 hours per week and hire more employees to avoid both the cost of insurance and the penalty. Small businesses are not in position to pay for benefits for their employees. Not if they want to stay in business. I predict there simply will be no full time jobs with these businesses in the future. Cutting hours will result in people being LESS likely to afford insurance. But, on the bright side, lots of low paying 29 hour a week jobs will be out there for the taking. Of course, you can make more on unemployment...
Um, YES. The cost of their insurance. To a small business that can be the difference between profit and loss. That's why they don't offer insurance.
Note that the penalty is less than the cost of insurance and IT ALONE will result in restaurants becomming unprofitable. How do you expect them to pay for insurance and stay in business? Raise prices until people refuse to eat there?
If I owned a restaurant right now, I'd cut all of my employees back to less than 30 hours per week and hire more employees to avoid both the cost of insurance and the penalty. Small businesses are not in position to pay for benefits for their employees. Not if they want to stay in business. I predict there simply will be no full time jobs with these businesses in the future. Cutting hours will result in people being LESS likely to afford insurance. But, on the bright side, lots of low paying 29 hour a week jobs will be out there for the taking. Of course, you can make more on unemployment...
It is amazing that liberals are unable to see that. Great post.
It is what was warned about and personally I don't think obama and the liberals care I think it is what they want! It will put more voters in their corner they hope. And more of a push towards the socialistic country they want to control
This is exactly what they want. You have to break the back of business to usher in socialism. On the bright side, when we get there, I can just stop working and let the gubment take care of me....
Um, YES. The cost of their insurance. To a small business that can be the difference between profit and loss. That's why they don't offer insurance.
Note that the penalty is less than the cost of insurance and IT ALONE will result in restaurants becomming unprofitable. How do you expect them to pay for insurance and stay in business? Raise prices until people refuse to eat there?
If I owned a restaurant right now, I'd cut all of my employees back to less than 30 hours per week and hire more employees to avoid both the cost of insurance and the penalty. Small businesses are not in position to pay for benefits for their employees. Not if they want to stay in business. I predict there simply will be no full time jobs with these businesses in the future. Cutting hours will result in people being LESS likely to afford insurance. But, on the bright side, lots of low paying 29 hour a week jobs will be out there for the taking. Of course, you can make more on unemployment...
Reread what you highlighted. If a company already offers employees insurance then their costs will go down, so the answer is "no, Affordable Healthcare would not cost them more money."
Your hypothetical restaurant was doomed anyway if that's your attitude toward business.
Did you totally miss that, or did you do it on purpose?
One cheap crybaby who wants publicity, who's dodged giving his employees benefits by scheduling them 29 hours a week is in no way, shape, or form indicative of a pervasive and waiting implosion.
You know whose business isn't going to take a financial hit? Mine, because I've always treated my employees fairly and given them benefits!! It's better for my business if my employees perform well. Performance tends to be better if you have one dedicated 40-hour/week person than two 20-hour/week people who need to juggle their time, attention, and dedication between two or three jobs to make end's meet. I wish that cheapos like the Applebee's "CEO" would realize how much they're wasting with their greedy and lazy habits. My company reaps benefits in return clientele and increased cost-to-value, largely as a result of having a good staff.
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To a small business that can be the difference between profit and loss. That's why they don't offer insurance. 
