SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: combjelly who wrote (682708)11/3/2012 2:12:16 PM
From: i-node   of 1575885
 
>> You are going with your gut, facts be damned!

Not "gut".

Just a basic understanding of business and economics.

If I can pay a couple people minimum wage to peel potatoes in their afternoon downtime, I'll do that. Unless it is cheaper for me to buy a potato peeling machine. Some employers -- actually many -- are going to find it more attractive to find alternatives to expensive labor. We're already seeing it:

"The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law.
Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country.

The move entails boosting the number of workers on part-time status, meaning they work less than 30 hours a week.

Under the new health care law, companies with 50 or more workers could be hit with fines if they do not provide basic coverage for full-time workers and their dependents."

This is just the beginning, and there will be flood of employers doing the same thing as waivers expire.

Potentially as serious, perhaps more, is the fact that a "store" that requires 45 people to operate (which happens to include a vast number of restaurants who employ the unskilled) are effectively prohibited from expanding to multiple-unit operations. What this does is to apply a huge downward pressure on economic growth.

As to the so-called "study" you cited, it was total bullshit if you had bothered to read it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News