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OT: Here come the ripple effects!!


  • Papa John's CEO John Schnatter Says Company Will Reduce Workers' Hours In Response To Obamacare

    In the wake of President Obama's reelection, one CEO is doubling down on his criticisms of Obamacare.

    Papa John’s CEO John Schnatter said he plans on passing the costs of health care reform to his business onto his workers. Schnatter said he will likely reduce workers’ hours, as a result of President Obama's reelection, the Naples News reports. Schnatter made headlines over the summer when he told shareholders that the cost of a Papa John’s pizza will increase by between 11 and 14 cents due to Obamacare.

    "I got in a bunch of trouble for this," he said, referring to the comments he made in August, according to Naples News. "That's what you do, is you pass on costs. Unfortunately, I don't think people know what they're going to pay for this."

    Schnatter went on to say he's neither in support of, nor against the Affordable Care Act, even admitting that "the good news is 100 percent of the population is going to have health insurance.” But he’s not the only one in the chain restaurant industry to admit that workers hours may be reduced, since Obamacare mandates that only employees that work more than 30 hours per week are covered under their employers health insurance plan. For example, Darden restaurants, the parent company of Olive Garden and Red Lobster, has already experimented with reducing workers hours in anticipation of the legislation.

    Others have responded to the added costs of Obamacare more harshly, including Applebee's which has said it won’t hire new workers because of the law. Just this week, a Georgia business owner also claimed he cut employees due to Obamacare and in fact had specifically laid off those who he thought had voted for President Obama.

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    Boomer Sooner!!!!

    Spolarbear72

  • Dat Sig.

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    Roflcopter118

  • Wow talk about a bias because of who some one voted for.

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    duvalnole

  • Pretty sure firing someone for their voting preference is illegal...

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    freernnur5

  • I have not said anything about the downvoters the last few days, but my stalker is still out their.

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    duvalnole

  • I'm sorry, but this just makes Schnatter look like a greedy pig. Are you telling me that you could've given all your workers healthcare for an extra 11-14 cents per pizza before, but you just chose not to do so?

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    CMXI

  • CMXI said...

    I'm sorry, but this just makes Schnatter look like a greedy pig. Are you telling me that you could've given all your workers healthcare for an extra 11-14 cents per pizza before, but you just chose not to do so?

    Agree. I am supposed to feel bad for this guy or something?

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    Not guilty y'all got to feel me

    eastcoastghost

  • CMXI said...

    I'm sorry, but this just makes Schnatter look like a greedy pig. Are you telling me that you could've given all your workers healthcare for an extra 11-14 cents per pizza before, but you just chose not to do so?

    For an additional 11-14 cents, they could also make their pizza suck a little bit less.

    Final Countdown

  • Final Countdown said...

    For an additional 11-14 cents, they could also make their pizza suck a little bit less.

    Yeah that pizza is terrible, and I do not see why some people like it.

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    duvalnole

  • duvalnole said...

    Yeah that pizza is terrible, and I do not see why some people like it.

    Conspiracy theory: What if this dude is only making these comments to stir controversy and get conservatives to buy his product (a la Chik Fil A and the gay marriage thing)?

    Final Countdown

  • Final Countdown said...

    Conspiracy theory: What if this dude is only making these comments to stir controversy and get conservatives to buy his product (a la Chik Fil A and the gay marriage thing)?

    shrug

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    duvalnole

  • This is the fail of the law: putting the burden of coverage on employers.

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    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • The difference is this section of the employer mandate only really affects sectors like the restaurant industry that are low-skill, low-cost, and low-margin. A fourteen cent drop in margin on a pizza is a huge difference coming from one externality.

    I still am a little confused on why franchises don't come under the bill of a small business, then they could be exempt and/or qualify for tax credits.

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    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba