Red Lobster, Olive Garden cutting workers hours due to 'Obamacare'

[jmoney85]

http://www.examiner.com/article/red-...e-to-obamacare

also

http://www.examiner.com/article/appl...-and-obamacare

http://lasvegas.cbslocal.com/2012/11...-22-employees/

[GGGGG-Men]

Darden (Red Lobster, Olive Garden, etc.) takes in over $100 mil quarterly. I'm sure the others are similar. The fact that they pass the cost on to employees (or in some cases customers) is absolutely sickening. The problem with corporate greed in this country is that if a company makes $400 mil in profits in 2010 and $500 mil in 2011, anything under $600 mil in 2012 is deemed a failure, so they make cuts and changes based on increasing rather than maintaining or heaven forbid a minor loss for the sake of the good of the people.

Much like the late 1800's, we're really entering an era of class warfare. ANd much like then, everyone asking for workers rights (used to be 2 day weekend and less than 12 hour work days, now its healthcare) will be cast off as an anti-capitalist commi and everyone on the other side is a rich spoiled elitist.

Welcome back to the labor fight..... anti-greed and pro-human is just unAmerican socialism.

[Sota4Ever]

Why not do this before the election?

[jmoney85]

Darden (Red Lobster, Olive Garden, etc.) takes in over $100 mil quarterly. I'm sure the others are similar. The fact that they pass the cost on to employees (or in some cases customers) is absolutely sickening. The problem with corporate greed in this country is that if a company makes $400 mil in profits in 2010 and $500 mil in 2011, anything under $600 mil in 2012 is deemed a failure, so they make cuts and changes based on increasing rather than maintaining or heaven forbid a minor loss for the sake of the good of the people.

Much like the late 1800's, we're really entering an era of class warfare. ANd much like then, everyone asking for workers rights (used to be 2 day weekend and less than 12 hour work days, now its healthcare) will be cast off as an anti-capitalist commi and everyone on the other side is a rich spoiled elitist.

Welcome back to the labor fight..... anti-greed and pro-human is just unAmerican socialism.

take a few minutes and watch this video

http://www.youtube.com/watch?v=YmqoC...ature=youtu.be

[behindmydesk]

Darden (Red Lobster, Olive Garden, etc.) takes in over $100 mil quarterly. I'm sure the others are similar. The fact that they pass the cost on to employees (or in some cases customers) is absolutely sickening. The problem with corporate greed in this country is that if a company makes $400 mil in profits in 2010 and $500 mil in 2011, anything under $600 mil in 2012 is deemed a failure, so they make cuts and changes based on increasing rather than maintaining or heaven forbid a minor loss for the sake of the good of the people.

Much like the late 1800's, we're really entering an era of class warfare. ANd much like then, everyone asking for workers rights (used to be 2 day weekend and less than 12 hour work days, now its healthcare) will be cast off as an anti-capitalist commi and everyone on the other side is a rich spoiled elitist.

Welcome back to the labor fight..... anti-greed and pro-human is just unAmerican socialism.

On public companies yes they need constant growth. But even staying even in public private companies cutting costs is needed. It's not much different then buying a new machine to be more effective and laying off 3 people because of it.

I do think this does have rhetoric and anti Obama slant to it. I'll reserve full judgement until we actually see if it holds up and sticks and if it works long term.

Lots of companies are shifting there health insurance perks and it started before Obamacare as well. Lots of companies were shifting some of the burden of Health care on to the employee via paying for part of it, or higher premiums. Wife's company shifted to higher premiums and health savings account, and she pays for part of her health coverage. And the CEO is a big time Obama supporter. Just couldn't afford the cost anymore. So in 2013 we will have higher premiums and a health savings account. I like the health savings account myself and so does the wife.

[cabernetluver]

It seems to me, that both these chains have been losing money. The fact is that since Obamacare is being applied to every business in a same or similar position, any stress it might put on a business will be the same for all, so from a competitive positions, if has no effect. This is pure politics, not economics.

[jmoney85]

making others pay so you can have the RIGHT to have health insurance is immoral and unjust

[cabernetluver]

making others pay so you can have the RIGHT to have health insurance is immoral and unjust

Kind of like public schools huh? I have no children, but I have to pay for schools.

[dbroncos78087]

My grandfather, who runs his own business, says that he will actually save money because of the tax credits for providing health insurance. So it sounds like Darden is getting some bad advice.

[Sota4Ever]

It depends on how many employees you have dbroncos i'm pretty sure. Over 50 employees then you are screwed and don't get any tax credits.

[Sota4Ever]

Kind of like public schools huh? I have no children, but I have to pay for schools.

I always thought public schools help increase the value of your house. If you are in a good school district then you will see a big increase in your property value when you try to sell your house.

[behindmydesk]

It seems to me, that both these chains have been losing money. The fact is that since Obamacare is being applied to every business in a same or similar position, any stress it might put on a business will be the same for all, so from a competitive positions, if has no effect. This is pure politics, not economics.

Correct but every company has workers and electric etc, they all will look for ways to cut costs especially in bad economic times. Reminds me of a company I deal with. Basically they make insulation for companies. Insult pipes etc for energy savings for more efficient operatings etc. It's a bit of a all things insulation. IE if you got an idea they will build it for you. I was visiting them in like 01 when things were starting to get pretty bad (not like 07-09) and I said you guys busy and they said oh god yes. I said oh good a lot of people are slowing down, and they said yea we layed off workers in 1998 because things were going good enough that no one worried about things like this. Now things are slowing down so they are looking for savings.

Kind of like public schools huh? I have no children, but I have to pay for schools.

I'm not to hip on having to pay for public schools myself. Heck I have a company in one county and live in another and pay property taxes to support 2 public school systems when I A dont' have kids, and B if I had kids (and my wife proved they were mine) I wouldn't be sending them to public schools anyway.

[GGGGG-Men]

take a few minutes and watch this video

http://www.youtube.com/watch?v=YmqoC...ature=youtu.be

If the healthcare cost is passed on to employers it can end there. It doesn't need to keep getting passed on. Profit can still be had, it's just less profit. If the cost had always been there, it'd be a given, but now its a new cost for the business so they pass it on.

They tried this with limits on working hours and days; passing on the cost lost in hours to decreasing pay. That's when labor unions stepped in to cut out the crap. This speech assumes all the money paid, for our purposes for healthcare, comes from profit, but profit is what is left, not what is used for payment of these costs. The business seeks to avoid a drop in profit by passing on any new costs to employees, not to avoid a loss.

[jmoney85]

If the healthcare cost is passed on to employers it can end there. It doesn't need to keep getting passed on. Profit can still be had, it's just less profit. If the cost had always been there, it'd be a given, but now its a new cost for the business so they pass it on.

They tried this with limits on working hours and days; passing on the cost lost in hours to decreasing pay. That's when labor unions stepped in to cut out the crap. This speech assumes all the money paid, for our purposes for healthcare, comes from profit, but profit is what is left, not what is used for payment of these costs. The business seeks to avoid a drop in profit by passing on any new costs to employees, not to avoid a loss.

Like I said previously... less profit means somebody is paying for it... which means people are paying for you to have the RIGHT to have health insurance... that is not morally right

[GGGGG-Men]

making others pay so you can have the RIGHT to have health insurance is immoral and unjust

Nice spin. Well done. Horrible ethically, but well done nonetheless.