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Unfortunately, Obamacare has now turned into a disaster for many private corporations.
As a result, Obamacare is resulting in a "jobless" recovery.
As a result of Obamacare, corporations are now exploring the economic benefits of outsourcing, sending jobs overseas or using technology to replace workers.
Here is the article with its analysis.
"These smaller companies have a great incentive to keep their employees under this magic number," wrote Marotta and Russell. "We heard that one local firm told a business manager that if he allowed the hiring of a 50th employee, he would be fired to bring the number back under the limit."
The duo note that Obamacare is also hurting larger firms that can't cut employee numbers below 50. They give an example of a firm with 530 full-time workers and explain that a $1 million fine will be required if the firm doesn't offer health insurance. But, they add, it's still cheaper than offering the insurance "because government regulations more than double the cost of health care on younger workers."
Their memo suggests that Obamacare is resulting in a "jobless" recovery.
"This is part of the reason why employment statistics show part-time employment on the rise while the number of hours being worked remains constant. It also explains the economic benefits of outsourcing, sending jobs overseas or using technology to replace workers. These alternatives to employment can save money by avoiding the Obamacare employer mandates even if they appear to cost more on paper," wrote the money managers.