According to a survey by the U.S. Chamber of Commerce ,,,
The answer has little to do with the Fed’s threat to tighten monetary policy.
Though 77% continue to think the U.S. economy is on the wrong track, most small businesses are optimistic about their local economy and individual business.
So, what’s up?
Remember ObamaCare’s “employer mandate”?
It says that anybody working more than 30 hours is considered full-time … that any company with more than 50 employees is subject to the mandate … which requires companies to provide health insurance to their employees or pay a per employee fine.
The Administration’s recently delayed enactment of the mandate from Jan. 2014 until after the 2014 elections.
Still, three-quarters of small businesses are holding to plans that duck the law’s costly provisions by firing workers, reducing hours of full-time staff, or shift many to part-time.
- 27% say they will cut hours to reduce full time employees
- 24% will reduce hiring
- 23% plan to replace full time employees with part-time workers to avoid triggering the mandate
Unintended consequences (incompetence) or intended consequences (deviousness)?
Bottom line: More steps toward part-time nation and a government run healthcare system.