CEO of Papa John’s says employees’ hours will likely be cut due to ObamaCare
Business owners are constrained by real math- income and expenses. They can just borrow their way out of unprofitability. Any increase in costs due to government meddling will result in higher prices for consumers. So now we’ll pay more for our own insurance, plus food and consumer goods prices will go up!
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(Papa John’s CEO) Schnatter estimated that these rising costs could adversely affect his workers. Since only full-time employees working 30 hours or more must be covered under the new law, he said he expects franchise owners will be forced to cut employees’ hours because they can’t afford the costs of health insurance plans.
“That’s probably what’s going to happen,” he said according to NaplesNews.com. “It’s common sense. That’s what I call lose-lose.”
The comments were not Schnatter’s first statements on ObamaCare. He made headlines in August for telling shareholders the law may lead to increases in the price of his pizza.
Publius Prime 