John Schnatter, CEO of the Papa John’s pizza chain, has announced that now that President Obama has been re-elected and it is obvious that Obamacare is here to stay, he will likely be forced to cut back worker’s hours because of the cost of the federal government’s take over of our national healthcare.
Provisions of Obamacare state that workers that work 30 hours a week or more will be automatically considered full time and must then be included in their company’s healthcare insurance program. Common practice currently maintains that the eligibility threshold for health insurance is a 40-hour work week, so this will cost businesses exponentially more for workers that work over 30 hours a week. The higher cost associated with this change is forcing many businesses, especially those in the food service industry, to consider limiting workers to less than 30 hours a week.
In essence, implementation of Obamacare will cut the weekly take home pay of millions of low wage workers by forcing companies to cut worker’s hours.
Papa John’s isn’t the only company considering such layoffs. Rusty Weiss has compiled a list of companies that have already announced layoffs due to Obamacare.
NOTE: How many times during the election have conservatives tried to warn liberals that it’s only going to worst if Obamacare is allowed to stand. These businesses are not doing this because they hate Obama, they are doing this to stay in business!