Thursday, March 7, 2013

AdventuresinCapitalism | Non-Farm Payroll Games...

Interesting perspective below. I don't agree with the "monstrosity" label, but the observation that Obamacare will force more people to get a second job is interesting.

AdventuresinCapitalism | Non-Farm Payroll Games...:

"As a result of the monstrosity that is known as the Affordable Care Act (Obamacare), there are unintended consequences. One of the most predictable of these is the provision that any firm with more than 50 employees must offer affordable health insurance to employees working for more than 30 hours a week. As businesses adapt to this rule, I would posit that many companies will now be adjusting the work-week to 29 hours. What do employees do who were expecting a 40 hour week? They get a second job and just like that, you get huge job growth."