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The Water Cooler
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is a 9.00 dollar minimum wage the answer?
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<blockquote data-quote="frankos72" data-source="post: 2104844" data-attributes="member: 3323"><p>Is far more complicated than that. As mentioned, there is a fine if the insurance isn't adequate. I won't go into those details here. </p><p></p><p>At the same time the 2k per employee x 50 =100k/yr. Is not quite right either as a barrier to big business. </p><p></p><p> If you meet the minimum number of employees requirement, not exactly 50 but we can skip the details here, you are not required to offer all of the employees insurance. Rather you only have to offer insurance to employees that work on average 30 hours a week or more. </p><p></p><p>In my case of 100 employees, if properly managed so that most don't get over 30 hrs a week, I'll only have to offer insurance to say 15 to 25 of them. That doesn't seem so bad, but consider 25x150x12=45,000/year in last profits! </p><p></p><p>By the way, you can expect to see, if you haven't noticed it already, many employers limiting their help to 29 or less hours a week. Many National food chains are doing it already. Many min wave employees are going to have to get a2nd job to live. And remember, Obama is going to force them to buy insurance from the exchange or gave a tax penalty. </p><p></p><p>Sorry, ya got me started and I could go on forever about the suckaledge that is Obamacare.</p></blockquote><p></p>
[QUOTE="frankos72, post: 2104844, member: 3323"] Is far more complicated than that. As mentioned, there is a fine if the insurance isn't adequate. I won't go into those details here. At the same time the 2k per employee x 50 =100k/yr. Is not quite right either as a barrier to big business. If you meet the minimum number of employees requirement, not exactly 50 but we can skip the details here, you are not required to offer all of the employees insurance. Rather you only have to offer insurance to employees that work on average 30 hours a week or more. In my case of 100 employees, if properly managed so that most don't get over 30 hrs a week, I'll only have to offer insurance to say 15 to 25 of them. That doesn't seem so bad, but consider 25x150x12=45,000/year in last profits! By the way, you can expect to see, if you haven't noticed it already, many employers limiting their help to 29 or less hours a week. Many National food chains are doing it already. Many min wave employees are going to have to get a2nd job to live. And remember, Obama is going to force them to buy insurance from the exchange or gave a tax penalty. Sorry, ya got me started and I could go on forever about the suckaledge that is Obamacare. [/QUOTE]
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