With Obama Care running wild in the next few years there will be a common trend… letting people go. As a business owner, I understand how it works. However, as an employee, you may not. At his point, I will only hire independant contractors. That will take care of me. However, companies with a larger staff will need to make serious cuts to make it work. That means if you’re currently employeed, your job is in jeopordy. Making it work for new hires shouldn’t be a problem though. They will just get offered less when they start the job. It’s simple math. A job that normally starts at 50K will be offered at 38K now to cover the extra Obama Care expenses. Of course less jobs will be available because company’s will have to pay more. Since there are a lot of desperate people looking right now, they will take the “offer”. Companies will simply offer you less (when starting the job) to absorb the extra costs involved of the Obama Care program. If you got dental or health insurance now with your company, you already are getting this cut from your paycheck or were offered less when you started to cover those costs. You didn’t really think you were getting eye/dental coverage for free did you? It was calculated into offer before you even applied for the job.
I recently read an article about David Siegel the CEO of Westgate Resorts. Mr. Siegel has a staff of 7,000 in Florida (battleground state). He is very unhappy with Obama and sent out an email to everyone working for him basically saying that the economy isn’t a threat to you job but another 4 years of the same President puts your job at risk. He continues to say that if any new taxes are levied on him he’ll be force to cut the size of his company. He doesn’t mention Romneys name in the 1,400 word email and also says you certainly have the right to vote for whomever you choose. However, it makes it quite clear employees will be cut if Obama is re-elected.
I admit I respect David Siegel for coming straight out with it. SO many employees working right now will not get the luxury of that pre-notice email about their job.