OBAMACARE RESULTS IN LOST HOURS

OBAMA'S SOLUTION:  RAISE THE HOURLY RATE

(But employers cannot afford to pay higher wages)

OPINION: Let's Restore Hourly Wages Cut by Obamacare

http://abcnews.go.com/Business/restore-hourly-wages-cut-obamacare-cantor/story?id=23070950&singlePage=true&utm_source=majorityleader.gov&utm_medium=email&utm_campaign=cantor-restore-wages

ABC News - Rep. Eric Cantor – 3/27/2014

Just look at the math. In 2013, President Obama supported a $9 minimum wage. This year, he proposed a $10.10 minimum wage, which at the federal level turns out to be an increase roughly equal to the amount of wages a minimum wage employee would lose if they had their hours cut by 25 percent, as is happening under one provision of Obamacare. Coincidence?

Here’s how Obamacare creates those wage cuts. Under the law, an employer is required to offer government-mandated health care plans to full-time employees if they have 50 or more employees. The law then goes on to define a full-time employee as someone working 30 hours or more per week.

This added regulation makes it prohibitively expensive for many employers to keep all their employees working more than 29 hours, so hours are reduced, no new hires are made, and often jobs are simply cut.

The president is attempting to distract people from these wage cuts by proposing a minimum wage increase, but that would only make matters worse. The CBO found that about 500,000 jobs would be lost under the president’s proposal. One survey by staffing company Express Employment Professionals found that 54 percent of minimum wage employers would reduce hiring and 38 percent would lay off employees if the president’s proposals were adopted. Several more surveys and polls found similar findings.

America is not working when Washington is creating incentives for businesses to cut back the hours and reduce the wages of hardworking Americans. America is not working when Democratic policies, like Obamacare, encourage people to be fired rather than hired.

Northwoods Patriots - Standing up for Faith, Family, Country