The Job Market Nightmare Continues. Thanks, ObamaCare!
With all of the negative ObamaCare coverage in the news over the past few weeks, you might be wondering if (and when) it’s ever going to stop.
Well, if you’re looking for relief, it won’t be coming any time soon.
Check this out:
23% plan to replace their full-time employees with part-time workers to avoid insurance penalties
24% will reduce hiring
27% of small businesses will be cutting hours
And the real kicker – 61% of businesses have NO PLANS to hire AT ALL next year
These stats are coming from the U.S. Chamber of Commerce, who conducted a survey just this week that shines light on just how devastating ObamaCare is going to be for America’s businesses and overall job market.
Excited yet? And even though the Administration is delaying their job-strangling employer mandate, it’s clearly not having the positive effect they were hoping for.
It looks like the only advice the Administration has for the American people preparing for the ObamaCare rollout is just to buckle up – it’s clearly going to be a very bumpy ride.