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|Subject: Why The U.S. Job Market Remains Terribly Bleak||Date: 11/15/2012 4:01 PM|
|Author: MadCapitalist||Number: 655338 of 794896|
Why The U.S. Job Market Remains Terribly Bleak
"According to the Wall Street Journal:
* Darden Restaurants [parent of Red Lobster and Olive Garden] was among the first companies to say it was changing hiring in response to the health-care law.
* Pillar Hotels & Resorts this summer began to focus more on hiring part-time workers among its 5,500 employees, after the Supreme Court upheld the health-care overhaul.
* CKE Restaurants Inc., parent of the Carl’s Jr. and Hardee’s burger chains, began two months ago to hire part-time workers to replace full-time employees who left.
* Home retailer Anna’s Linens Inc. is considering cutting hours for some full-time employees to avoid the insurance mandate if the healthcare law isn’t repealed.
* In a July survey, 32% of retail and hospitality company respondents told [Mercer] that they were likely to reduce the number of employees working 30 hours a week or more.
Clearly the Affordable Care Act (ObamaCare) is a major factor holding back economic recovery. But it’s not alone. Other public policies enacted during the Obama administration’s first four years have been affecting the supply side of the market.
A new book by University of Chicago economist Casey Mulligan explains that through a major expansion of the welfare state we are pay