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Obamacare Cutting Employment Hours

Posted by Steve Markowitz on April 22, 2013

FOXNews has reported that companies are cutting employee hours as a direct result of Obamacare.

Regal Entertainment Group, the largest movie theater network in the country, announced it has cut the hours of thousands of employees, a direct result of the cost of implementing Obamacare.  With over 500 theaters, Regal announced that it has rolled back the shifts for thousands of employees to under 30 hours per week.  This is the threshold of hours worked that require employers to supply healthcare benefits under Obamacare.

Regal joins Applebee’s, Olive Garden and other companies that have cut worker hours.  In addition, some colleges have followed suit including Palm Beach State College in Florida and New Jersey’s Kean University.  Also, the state of Virginia rolled back the hours of part-time employees to under the 30 hour threshold.

The cutting of workers hours will have negative consequences beyond those of the individuals directly affected.  These workers will need to seek second jobs to maintain their income levels or seek “methods” to go on the government dole to supplement their income.  These actions are contractive on the overall economy and will increase the unemployment rate.

It is remarkable how often governments repeat the same economic errors.  Progressives seem to believe that alchemy exist in economics, that merely by wishing for improved results (passing laws) will lead to them.  As the saying goes, there is no such thing as a free lunch.  If part of the economy is robbed to pump up another part, at best the results will be neutral.  In the case of Obamacare, the negative impacts on the economy will be significant.

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One Response to “Obamacare Cutting Employment Hours”

  1. lee stadele said

    Steve: We often frequent a large hardware store. Two employees have been working checkout for decades. I was surprised to see different people at the checkout on Saturday. They mentioned their husbands’ owned the business and that because of Obamacare it was necessary to cut their long time employees to 30 hours per week. They were upset, because these employees cannot live on a reduced salary. This story will be repeated throughout the United States and as small business adjusts to these inane political decisions the country will suffer financial hardship that further drains the economy. The Obama decision will be to print more money.

    Lee

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