Taxcutter
02-25-2013, 12:38 PM
Not the football team.
Are federal regulations foreclosing the possibility of full-time employment for those at the bottom?
http://online.wsj.com/article/SB10001424127887324616604578304072420873666.html?m od=WSJ_hp_mostpop_read
quote:
“The law requires firms with 50 or more "full-time equivalent workers" to offer health plans to employees who work more than 30 hours a week.”
“Thousands of employers will face a $40,000 penalty if they dare expand and hire a 50th worker.”
“…the average fast-food restaurant has profits of only about $50,000 to $100,000 and a margin of about 3.5%.”
“Because other federal employment regulations also kick in when a firm crosses the 50 worker threshold, employers are starting to cap payrolls at 49 full-time workers. These firms have come to be known as "49ers."”
“Businesses that hire young and lower-skilled workers are also starting to put a ceiling on the work week of below 30 hours. These firms are the new "29ers."
“Look for fewer 30-35 hour-a-week jobs.”
“…the damage won't be limited to franchisees or restaurants. A 2012 survey of employers by the Mercer consulting firm found that 67% of retail and wholesale firms that don't offer insurance coverage today "are more inclined to change their workforce strategy so that fewer employees meet that [30 hour a week] threshold."”
“Democrats who thought they were doing workers a favor by mandating health coverage can't seem to understand that it doesn't help workers to give them health care if they can't get a full-time job…”
“a local McDonalds has hired employees to operate the cash register or flip burgers for 20 hours a week and then the workers head to the nearby Burger King (http://online.wsj.com/public/quotes/main.html?type=djn&symbol=BKW) BKW -0.67% (http://online.wsj.com/public/quotes/main.html?type=djn&symbol=BKW?mod=inlineTicker) or Wendy's to log another 20 hours. Other employees take the opposite shifts.”
Taxcutter says:
Standing just offstage is Baxter - a $22,000 robot that does not require Werner von Braun to program it. If robots that can making castings into running engines or process skinned beeves into packaged roasts and hamburger are avaialbe , how tough will it be to automate the work of fast food burger flippers and retail? The face of these businesses may change. Fast food joints will look less like restaurants and become big vending machines. That gets around the problem of workers who cannot make change.
Just as government imposed huge costs on the work of more skilled workers with regulations, now that hammer drops on the bottom feeders.
Are federal regulations foreclosing the possibility of full-time employment for those at the bottom?
http://online.wsj.com/article/SB10001424127887324616604578304072420873666.html?m od=WSJ_hp_mostpop_read
quote:
“The law requires firms with 50 or more "full-time equivalent workers" to offer health plans to employees who work more than 30 hours a week.”
“Thousands of employers will face a $40,000 penalty if they dare expand and hire a 50th worker.”
“…the average fast-food restaurant has profits of only about $50,000 to $100,000 and a margin of about 3.5%.”
“Because other federal employment regulations also kick in when a firm crosses the 50 worker threshold, employers are starting to cap payrolls at 49 full-time workers. These firms have come to be known as "49ers."”
“Businesses that hire young and lower-skilled workers are also starting to put a ceiling on the work week of below 30 hours. These firms are the new "29ers."
“Look for fewer 30-35 hour-a-week jobs.”
“…the damage won't be limited to franchisees or restaurants. A 2012 survey of employers by the Mercer consulting firm found that 67% of retail and wholesale firms that don't offer insurance coverage today "are more inclined to change their workforce strategy so that fewer employees meet that [30 hour a week] threshold."”
“Democrats who thought they were doing workers a favor by mandating health coverage can't seem to understand that it doesn't help workers to give them health care if they can't get a full-time job…”
“a local McDonalds has hired employees to operate the cash register or flip burgers for 20 hours a week and then the workers head to the nearby Burger King (http://online.wsj.com/public/quotes/main.html?type=djn&symbol=BKW) BKW -0.67% (http://online.wsj.com/public/quotes/main.html?type=djn&symbol=BKW?mod=inlineTicker) or Wendy's to log another 20 hours. Other employees take the opposite shifts.”
Taxcutter says:
Standing just offstage is Baxter - a $22,000 robot that does not require Werner von Braun to program it. If robots that can making castings into running engines or process skinned beeves into packaged roasts and hamburger are avaialbe , how tough will it be to automate the work of fast food burger flippers and retail? The face of these businesses may change. Fast food joints will look less like restaurants and become big vending machines. That gets around the problem of workers who cannot make change.
Just as government imposed huge costs on the work of more skilled workers with regulations, now that hammer drops on the bottom feeders.