Friday, March 22, 2013
Study: Obamacare threatens 3.2 million small business jobs
Over one-third of the 9.1 million full-time jobs among America's diverse business franchises could be cut back or eliminated by Obamacare as small businesses struggle to maintain profitability while coughing up money to pay for Washington-mandated health care coverage, according to the International Franchise Association.
The threat of hitting 3.2 million full-time workers as the Affordable Care Act takes effect next year is prompting the owners of fast food restaurants, service companies and other franchises to urge Congress to make significant changes in Obamacare.
To help their cause, the association on Friday released a new state-by-state breakdown on the potential impact on jobs in the bull's eye of Obamacare, which declares that a 30-hour week is full-time, not the industry accepted 40 hours. That 10-hour difference has thousands of franchise owners scrambling to either fund healthcare for those working 30 hours, or cut hours back to below 30 hours. Source
Posted by Barbara at 7:05 AM