Monday, July 15, 2013

Part time America, even with ObamaCare 1 yr delay, restaurant owner still can't hire full time people, has to stay ready for ObamaCare

"Does the (ObamaCare) delay change anything for us? Absolutely not," Mr. Adams of Subway said, explaining that whether his health-care costs go up next year or in 2015, he will have to comply with the law. "We won't start hiring full-time people.""...

7/15/13, "Behold The Part-Time Worker Society: "We Won't Start Hiring Full-Time People"," Zero Hedge

"Once again, as always happens with a very substantial delay, two themes that have been covered extensively on these pages in the past much to the ridicule of the mainstream media, namely that while the US may have "No Manufacturing Jobs But More Waiters And Bartenders Than Ever" and that Obamacare has finally struck as "Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000" are now begrudgingly covered and in fact, endorsed, by the very same MSM.

Enter the Wall Street Journal which blends the two themes well known to our readers, and writes that "More Restaurants Replace Full-Timers, Concerned About Insurance."

To wit: "Ken Adams has been turning to more part-time workers at his 10 Subway sandwich shops in Michigan to avoid possibly incurring higher health-care costs under the new federal insurance law.  

He added approximately 25 part-time workers in May and June as he reduced some employees' hours and replaced other workers who left. The move showed how efforts by some restaurant owners and other businesses to remake their workforces because of the Affordable Care Act may be turning the country's labor market into a more part-time workforce." In other words, the already worst paying jobs in the US are getting even more of the shaft, downgraded from full time to part time status.

Precisely the New "part-time worker society" that we predicted would happen back in 2010....The message is clear: the part-time "recovery" comes full circle, or as we showed here previously:

 From the WSJ for those who are still unfamiliar:

"Restaurants and bars have been adding an average of 50,000 jobs monthly since April—about double the rate from 2012. In June, they added a seasonally adjusted 51,700 jobs, up from May's 47,900 tally, but below April's 51,800. Overall, leisure-and-hospitality establishments hired more workers than any other industry in June, accounting for 75,000 of the 195,000 jobs added last month, according to the most recent Labor Department report, although economists cautioned against reading too much into one month's preliminary figures.

Views differ on exactly what is driving the hospitality industry's pickup. Other factors likely also were behind it, including the addition of new restaurants as well as a move to staff up hiring after scaling back during the downturn, according to some restaurant owners and industry experts. But a number of restaurants and other low-wage employers say they are increasing their staffs by hiring more part-time workers to reduce reliance on full-timers before the health-care law takes effect....

For the entire U.S. workforce, employers have added far more part-time employees in 2013—averaging 93,000 a month, seasonally adjusted—than full-time workers, which have averaged 22,000. Last year the reverse was with employers adding 31,000 part-time workers monthly, compared with 171,000 full-time ones. 
The Affordable Care Act requires employers with 50 or more full-time equivalent workers to offer affordable insurance to employees working 30 or more hours a week or face fines....

The cost for small firms to comply with the health law will depend largely on the number of additional full-time employees that sign up for employer-sponsored coverage. Average annual premiums for employer-sponsored health insurance in 2012 were $5,615 for single coverage and $15,745 for family coverage, according to the Kaiser Family Foundation. That is up from $3,083 and $8,003, respectively, in 2002.

This month, the Obama administration announced a one-year reprieve—to 2015—on penalties for employers who don't meet the new health-coverage requirements. The administration said it was holding off on business penalties to give companies more time to adjust to the law's provision but hoped that companies would still comply with the intent of the law during 2014....

"Does the delay change anything for us? Absolutely not," Mr. Adams of Subway said, explaining that whether his health-care costs go up next year or in 2015, he will have to comply with the law. "We won't start hiring full-time people.""...

7/14/13, "Restaurant Shift: Sorry, Just Part-Time," Wall St. Journal. chart above, BLS data by Zero Hedge


With billionaire backing and willingness to wait a generation, genocide of the US has taken place. No messy elections needed. The rubes had no idea:

Fossil fuel billionaire-backed Bill McKibben advocates for the group "21 Hours" and a 21 hour work week.

On June 8, 2012Bill McKibben spoke at a conference put on by the New Economics Foundation. This Foundation seeks "to achieve social justice globally" (p. 6) by making a 21 hour work week standard. They say economic growth must be reduced to save the planet and increase equality:

"21 Hours," by the New Economics Foundation, "Why a shorter working week can help us all to flourish in the 21st century"

"A ‘normal’ working week of 21 hours could help to address a range of urgent, interlinked problems: overwork, unemployment, over-consumption, high carbon emissions, low well-being, entrenched inequalities, and the lack of time to live sustainably, to care for each other, and simply to enjoy life....

There is thus ‘no credible, socially-just,
  • ecologically-sustainable scenario
  • of continually growing incomes
  • for a world of nine billion people’"....
"In 1930, John Maynard Keynes imagined that by the beginning of the twenty-first century, the working week could be cut dramatically – not just to 21 hours but to 15 hours. He anticipated that we would no longer need to work long hours to earn enough to satisfy our material needs and our attention would turn instead to ‘how to use freedom from pressing economic cares’.1 Keynes was wrong in his forecast, but not at all wrong, it seems to us, to envisage a very different way of using time."


Bill McKibben and his billionaire partner David Rockefeller remade the US without the mess of elections. David Rockefeller is determined you shouldn't have the opportunities that were available to him to:

-accumulate great wealth
-live a long and comfortable life
-be able to influence governments around the world.


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