Three-quarters of all small business owners say this will be their response to ObamaCare.
As Nancy Pelosi famously said: “Are you serious?” They are serious.
They will fire people. They will make part-time workers out of full-time workers. They will do whatever it takes to get out from under ObamaCare.
This was obvious from day one, but it was not obvious to Pelosi.
The U.S. Chamber of Commerce summarizes what the situation is. “Small businesses expect the requirement to negatively impact their employees. Twenty-seven percent say they will cut hours to reduce full time employees, 24 percent will reduce hiring, and 23 percent plan to replace full time employees with part-time workers to avoid triggering the mandate.”
Thanks, Nancy. Thanks Barack. You have just created the new normal for low-paid workers: lower pay!
This is why the government decided to delay implementation of small business rules until 2015. You see, there are Congressional elections in November of 2014.
But businessmen like to plan ahead. They understand calendars. They now have an extra year to prepare. They will begin making adjustments this year. They will start implementing them next year.
Subsidized health insurance? Only if you have a full-time job. Oops. Sorry about that.