Thursday, December 12, 2013

Duh...We Told You So!

Man it takes the media a long time to catch up to the rest of us.  We told them this.  We told the people it was dangerous.  We told them Obamacare was going to destroy jobs and America.  Another...See I told you so...

Duke survey: Health care law to crimp US hiring

Corporate financial chiefs say they expect to reduce hiring and also move more jobs to part-time status as a result of the Affordable Care Act, according to a new survey from Duke University and CFO Magazine.
Many companies also are considering a reduction in health care benefits for employees.
"The results were startling to us. This will significantly impact employment," said Campbell Harvey, a professor of finance at Duke's Fuqua School of Business. "I think the people who drafted the bill probably never anticipated such a negative effect on employment, especially in a time when we really need employment growth."
Almost half of the 500 companies surveyed are "reluctant" to hire full-time employees, the survey found, and one in 10 may lay off current employees in response to the law.
Some people could see their hours cut below 30 hours a week because the Affordable Care Act requires companies with 50 or more employees to provide health insurance to those working 30 hours or more a week or pay a penalty.
More than 40 percent of CFOs surveyed say their companies will consider switching some full-time jobs to part-time jobs in 2014.

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