If you’re one of the “lucky” ones, your employer won’t fire you outright to keep costs down. However, they might just reduce your hours, a fate that leads to smaller paychecks and fewer benefits — and might force you to seek another job on the side.
This will happen because employees that work 29 hours a week or less will not require their employers to cover their healthcare. Apparently, President Obama figures that making less money than before and still not having healthcare is good for many Americans. Brilliant.
From the government to the private sector, employers have already begun slashing hours, and this trend shows no sign of slowing down. You might feel like blaming businesses for being heartless, but they’re really just reacting to the boneheaded stipulations that Obamacare has laid out.
If a company has 50 or more full-time employees, they must start providing coverage, so the answer for many businesses is to get that number below 50.