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I must be missing something important.
If he's cutting the hours so he won't be subject to the increased cost of providing coverage.........what's the 5% surcharge for?
Compensation of the pain and emotional suffering of the CEO?
If you can't absorb that kind of ebb and flow, then your operating margins must be pitifully small to begin with.
Which appears to be the case in the fast-food biz, since the vast majority of the businesses which have made these dramatic announcements are fast-food franchises employing more than 50 workers.
Does anyone know of a owner-operated restaurant with fewer than 50 employees - say, Joe's Bar and Grill on Main St. in Anytown - making this decision? Perhaps the franchise fast-food model is simply flawed, and this provision of the ACA has now exposed the flaw.
I'll just eat at Joe's - I like independent places better anyway, they have character and the food's almost always better.
He shouldn't be worried about "caring for" his employees. His employees should't be looking for him to "care for them." The relationship should be a simple one of work for pay. What an employee buys with the payment received for his labor, and whether that employee can buy all the things he wants, should not be concern of the employer. Government should have no ability to mandate that any employer pay any particular rate or use any particular method of compensation to it's employees.
Hi, 1894 telegraphed. They want their labor policy back.
Oh yeah, and they want to know if your kids are interested in a great opportunity down at the local sweater factory.
They'll be sending a buggy to your home this afternoon.
The very premise of free market is a fairy tale. Nice!
Hint: The restaurant across the street will not magically double in capacity nor will it's owner be immune from the Obamacare tax (unless he buys an indulgence in the form of a campaign contribution from the right democrat politician.)
Whoa whoa whoa.....so you don't want to pay a surcharge that helps these people get their health insurance?
You don't realize that business build thier costs into the prices of their products and services?
This isn't the public sector where money magically appears and you can't go out of business and you have a monopoly.
Yeah, only as pointed out: You don't raise prices, say it's Obamacare's fault, and then reduce workers' hours to avoid being subject to Obamacare at all!
Great way to lose more customers. Getting political in the bluest part of the state. Brilliant.
Hopefully this will raise sales in Kentucky and Alabama.
Yep, I agree. Never mix politics with business.
WC Fields has a famous quote about never alienating 1/2 of your potential customers....some people never learn from history and I suspect his business will suffer mightily.
Location: By the sea, by the sea, by the beautiful sea
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And Jesus Christ Superstar makes deliberately misleading, hyperbolic posts.
Do you have a point?
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