Wednesday, April 17, 2013

Major Theater Chain Pulls Back On Employee Hours For Obamacare

Regal Entertainment Group is the largest movie theater chain in the United States, with over 500 locations in 38 states. This week, according to Fox News, the company is cutting back on the hours for all hourly employees. From now on, no one may work more than thirty hours.

Even if there were no further information, anyone who has been following the news will immediately know why Regal is reducing hours. Obamacare mandates that any employee who works more than thirty hours a week gets health coverage courtesy of their employer. (And in an additional stroke of genius, Obama launched his second term by promising to raise minimum wage law, so employers are not only facing a huge increase in money going out the door but are also looking forward to another jump in their expenses).  Red Lobster and Olive Garden have already reduced hours for the same reason. These restaurants were already hurting, but Obamacare increases the economic injuries.

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