Posted on | October 10, 2012 | 20 Comments
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.
Under the new health care law, companies with 50 or more workers could be hit with fines if they do not provide basic coverage for full-time workers and their dependents.
Mentioning this story to Mrs. Other Smitty, and she told me to google Gerhard Schröder’s suck-tacular ‘Mini-Jobs’ program in Germany. Turns out this turd notion is a floater in the UK, as well:
German “mini-jobs” are just what it says on the tin: precarious employment for up to €400 (£315) per month, likely to be extended to €450 in 2013. Whether a “mini-job” is an additional or a main job, “mini-jobbers” are exempted from tax and social insurance payments for earnings of up to €400, and employers’ social insurance contributions are considerably below those for equivalent regular jobs.
“Mini-jobbers” thus forgo core benefits of regular employment, such as building up pension claims. Beyond a basic threshold, income from “mini-jobs” also entails the reduction of unemployment benefit for recipients. In March 2012, an initiative, led by the social-democratic governed Länder in Germany’s upper chamber in March 2012, to impose a limit of 12 weekly hours for “mini-jobbers” – and thus effectively a minimum hourly wage – failed.
According to the most recent figures of the German Employment Agency, 7.3 million Germans, or one in every five employees, held “mini-jobs” in September 2010 – an increase of 1.6 million since 2003. The number of workers taking “mini-jobs” as additional side-jobs to make ends meet almost doubled from 1.3 million in 2003 to 2.4 million in 2010. About two thirds of “mini-jobbers” are women, and most “mini-jobs” are to be found in the low-skill segments of service sectors, led by catering, hospitality and construction.
Read the whole sordid thing. And then read Sowell’s Basic Economics. In general, it seems that giving vast control over labor markets to government is akin to giving your male kin to Sandusky, or your money to Corzine–no good can come of it.
The real reason the Left and the media are fighting so hard to drag #OccupyResoluteDesk across the finish line ahead of Romney may not so much be love of Obama personally. Rather, fear of a repeat of the 1980s, when Reagan applied an economic laxative to this country, and the Lefties had to endure so many ears of prosperity for which they could not take credit.
Update: more at The Lonely Conservative