Monday, November 9, 2009

Why Would Business Hire New Employees?

The recent House Bill restricting health care in this country is bound to have a nasty side effect, more unemployment.

Now that employers are mandated to provide coverage it will be prohibitive to hire new employees whose productivity does not warrant the cost of insurance on top of an already high (relatively speaking) minimum wage.

Minimum wage legislation has already forced the unemployment rate of those ages 16-24 over 25%. Health care mandates will make a bad situation even worse. Those people in our economy with few skills are going to experience a very bleak future and will not get the skills and experience needed to move up the economic ladder.

For the party that claims to watch out for those at the bottom of the economic food chain they sure do all they can to harm them.

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