For a business with over 50 workers, it means huge increases in health insurance coverage or a large fine.
If a business has 60 workers, 10 of them are going to be fired. Count on it.
One man who owns dozens of KFC franchises has a choice: a $60,000 fine — excuse me, “tax” — or an additional $546,000 in health insurance payments. He is going to pay the “tax.”
He plans to fire some workers. Then he will hire part-timers. He will get the payroll down to 60.
Cashiers would be replaced by self-order kiosks, cooks with chicken breading machines. These options are too expensive now, he said, but they would make sense then.
We can see what is coming. There will be fewer full-time jobs for workers at the bottom of the rung.
This is what the welfare state does. It kills incentives to work. It also kills incentives to hire workers.