Posted on 03/26/2010 3:01:55 AM PDT by Scanian
Don't be surprised that ObamaCare drives unemployment up. CNBC interviewed a restaurateur who fears the combination of workers comp, ObamaCare and sick time could bury her chain of restaurants she's sent the last 25 years building.
Madelyn Alfano has a chain or restaurants in the LA area and is President of the LA Chapter of the California Restaurant Association. She' especially worried about her part time employees who have second job.
"If we were to pay for the 400 employees, because the bill talks about part-timers--but for each two part-timers that makes that makes one full-timer--from what I gather, it would cost over $120,000 a month or $1.4 million a year. We didn't make that. We don't make that much money."
And sadly, unlike Obama, Madelyn can't just print more money. There are three short interviews with her and the bottom one is the saddest.
(Excerpt) Read more at americanthinker.com ...
Alfano will soon be charged with a hate crime for opposing ObamaCare.
WHO did Madelyn vote for in the last Presidential election?
During the current recession many retail companies replaced full time workers with part time in order to reduce payroll costs and avoid the high cost of medical care and other benefits. If retailers are compelled to provide health insurance to part time employees, the consequence will be more vacant storefronts as marginally profitable stores close. Jobs will be lost — in many cases these part time retail jobs represent the second job of an individual or the spouse’s income in a family. For the stores that remain open, there will be fewer employees on the sales floor resulting in poor customer service and increased theft.
We are still in a low demand recessionary economy so retailers cannot merely raise prices to offset the increased costs of compulsory medical insurance or higher taxes. Payroll is largest “variable” cost in a retail P&L so when other costs rise, payroll dollars must be cut for the organization to survive.
What a mess.
Ivory tower thinkers are disconnected from reality...this bill will cause major societal and economic disruption
And destruction of private business bothers Obama... how?
>> Payroll is largest “variable” cost in a retail P&L so when other costs rise, payroll dollars must be cut for the organization to survive.
Look for new, creative business models that squeeze every employee out of a business, in exchange for greater mechanization and greater use of contractors rather than employees.
Businesses will adapt. They have the motivation and the brains to do so. But many of those low on the food chain who figured they were going to get freebies from “obama’s stash”, pried from their evil employers at the point of a gun, are going to find themselves unemployable and PERMANENTLY so.
The sad fact is Bambi’s policies are going to reset just about everyone’s quality of life LOWER. Including poor blacks, illegals, the uneducated young, boomers who haven’t saved anything and are getting on in years, and so forth, who all figured they’d be getting a free ride from The One.
That's IS sad-for the innocent people who did NOT vote for BHO, but who will suffer from his policies regardless. But for those who voted for him out of racial hatred, or because they thought they would get freebies-???? I for one really could not care less what happens to them : Especially since these creatures have been so fond, both before and after the election, of informing us that the only reason anyone opposes BHO's polices is "racism". Or "greed". Or both.
>> But for those who voted for him out of racial hatred, or because they thought they would get freebies... I for one really could not care less what happens to them
Ditto.
chicagotribune.com
Research reveals devastating consequences of layoffs, recession
Greg Burns
March 25, 2010
For millions of Americans laid off in the devastating recession, the job search just isn’t clicking.
And here’s the really bad news: Almost no one will be able to recover the financial ground they’ve lost.
That’s the inescapable conclusion from years of academic research into the last big recession, in the early 1980s, and job shocks thereafter.
The findings have trickled out in scholarly papers, gloomy facts buried in technocratic detail.......
www.chicagotribune.com/classified/jobs/ct-biz-0325-burns—20100325,0,2813355.column
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