Moderated by Rick Badie
Higher menu prices. Fewer work hours and jobs. Zero expansion and possible closings. This, writes a local franchiser, will be the potential impact in the restaurant industry of health mandates under the Affordable Care Act. But the co-founder of a workers’ advocacy group suggests that businesses can profit by taking care of personnel.
By Aziz Hashim
More than three years into our jobless “recovery,” 12.1 million Americans are still out of work. Nearly 23 million have stopped looking or can’t find full-time work.
The labor participation rate is 63.6 percent, the same level we saw in 1981. Employers are only adding slightly more jobs per month needed to keep pace with normal labor-force expansion.
So why did the unemployment rate go down below 8 percent last month? In large part, due to an increase in part-time work. While the drop in unemployment may seem completely positive, there is an underlying problem for small business