Originally Posted by Thondalar
What's actually going to happen with this, and is already happening, is restaurant and retail companies will no longer have full-time employees. My restaurant is already moving to everyone part-time. I've had to cut everyone in the kitchen down to no more than 30 hours a week, and hire 4 new people.
This is great for employment, right!?
Yes and no. Unemployment will certainly go down, to a degree. While MOST of the "new jobs" will be people who already work getting a second job because they are no longer allowed to work full time at one job, there will certainly be some completely new people hired. Unintended Consequence...but in this case it'll be "oh look! Unemployment is down. It took him a little while, but see? We knew Obama would bring it back down."
It just sucks that now people in this category, which is mostly the lower income earners, will have to work two part time jobs with 0 benefits instead of one full time job with shitty benefits. Since they won't be able to afford their own health insurance, and their company won't have to provide it to them because they're part time workers, they will have two options. Either work two "full" part-time jobs, that is, 30 hours a week at two different places (meaning a 60-hour work week with no overtime compensation) in order to pay the IRS fine OR...
[tinfoil] only work ONE part time job, and get on medicaid, food stamps, etc. Which is what the (current) government wants anyway. Get everyone on the government handouts. Yes, my sheeple. It's GOOD to be lazy. See? We'll feed you, we'll give you health care...you have nothing to worry about in the Utopia we're building...[/tinfoil]