Good news: Obamacare to create more part-time McDonald’s jobs for college grads!
Yeah, ok. my headline was maybe a little sarcastic –but also true. You know, way back when the alabtross called Obamacare passed and I read the bill, I warned that exactly this was likely to be an unintended consequence of the badly crafted legislation. If I recall, a number of my O-care supporting readers called me to task for fear-mongering and exaggerating.
Darden, which currently employs approximately 180,000 full-time workers in the restaurants owned by the company (Red Lobster, Olive Garden and a number more chains) is now hiring only part-time workers (no more than 28-hours a week so they not only will not get healthcare through the company but the company will avoid the penalty) in all new franchises as an experiment. Currently, Darden provides healthcare benefits to its full-time workers but is planning to eliminate those benefits when Obamacare kicks in — if the part-time-only experiment works out well, they will cut all their full-time workers except for a handful of regional managers to part-time and sans benefits. They are not alone.
McDonalds, White Castle, Denny’s and dozens more, not only in the restaurant industry but in manufacturing, technology, and even healthcare industries themselves are looking into similar solutions. The share the wealth kids should be happy, however. These companies will thus have to hire twice as many folks as they currently employ –and they can all then earn wages well below the poverty line! Hurray!