There are many unintended consequences of the Affordable Care Act, but perhaps one of the worst is the likely shift in the availability of full-time jobs as employers try to control the increase of their labor costs. Publicly traded companies have a fiduciary duty to maximize profits and that will likely motivate them to reduce the number of full-time workers to avoid the requirement to pay for employee healthcare.
Source: The Huffington Post
The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law.
Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country. The move entails boosting the number of workers on part-time status, meaning they work less than 30 hours a week.