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Americans See Their Jobs Slashed to Under 30 Hours a Week as Employers Desperately Try to Avoid “Obamacare Bankruptcy.”
Wednesday, December 12, 2012 1:43
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There’s an economic sickness spreading across America today, and the symptom is that workers everywhere are seeing their weekly hours cut below 30.
Many are being forced to find a second or third job, and some are losing their positions entirely.
Why is this happening?
Regardless of where you stand on the political spectrum, the reality is that employers are slashing hours to avoid Obamacare mandates that start to kick in January 1. This is why hours are being slashed below 30 and also why job positions in many medium-sized companies are being slashed below 50… these are the “cut off points” of Obamacare compliance – over those hours, the employer has to ‘kick in’.
