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Poor Prospects For U.S. Jobs Growth

Poor Prospects For U.S. Jobs Growth

6 Years ago | January 13, 2014 00:00:00

by John M. Bland

Based solely on anecdotal observations, we feel that the U.S. jobs picture is a lot weaker than is generally perceived. We have spoken to a number of people locally in the mid-Atlantic area of the U.S. who work for a substantial number of national chains, big box stores etc. and all report the same story. One of the many unforeseen consequences of Obamacare has been that these national chains have been limiting the weekly hours of MOST employees to under 29hours. They are called the “29ers” so that they are classified as pert-time employees for legal reasons. They typically are paid a wage rate of below $10/per hour and get their working hours assigned on weekly basis based on the sales volume of the location i

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