Everyone knows that higher minimum wage laws add to higher rates of unemployment. If the State forces employers to hire at a specific wage, they simply decline to hire anyone. The liberty of contract that underwrote so much of our previous domestic Imperium is lost.
Obama-Care will to add to a weakened Union.
The impact of Obama-Care is job-sharing. Across different businesses workers are working full-time but at different job sites. These people are called 29ers.
Workers will fill in part-time hours and then move on to another site fulfilling a second personal quota of part-time work.
The damages will not be limited to franchises or fast food. Many industries are deciding not to hire full-time at all. Studies confirm this at Mercer Consulting & the Hudson Institute. Obama-Care mandated fines will add to the unemployment rolls. It comes down to an added $52 an hour for each employer per employee.
Reagan was right, you can’t be for big govmint and still be for the ‘little guy.’