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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Small Business Executive Order - Goodbye Employer Mandated Healthcare
"An Entrepreneurial Buzz Kill
Adam Robinson, founder of Hireology, says the company was formed and built "100 percent under the Obama administration," and that though it was able to grow over the course of just two years from 30 to 120 employees, navigating regulations has been a challenge. If he were starting his business last year, he doubts he'd have been able to flourish, due to certain regulations.
"I testified in front of the House Small Business Committee on the issue of Department of Labor changing the threshold at which non-exempt employees are eligible for overtime," said Robinson. "I told them that if this overtime regulation had been in place, I literally could not have hired my first employee."
Once a small business brings on a 50th employee, it faces another set of regulations, including the Affordable Care Act's employer mandate, which requires that all businesses with 50 or more full-time equivalent employees provide health insurance to at least 95 percent of their full-time employees and dependents up to age 26, or face a fee.
To avoid having to deal with that mandate, small businesses may be disinclined to expand.
"If I am a growing service business and I have 49 employees, there is an incentive to me to stop growing because as soon as I get to 50 I am mandated [under the Affordable Care Act] to provide healthcare to all my employees," said Robinson. "There's no incentive to grow if it places an administrative burden on my business." "
https://www.google.com/amp/www.nbcnews.com/business/business-news/amp/small-businesses-optimistic-anxious-about-deregulations-under-trump-n712636?client=ms-android-boost-us
;https://www.google.com/amp/www.nbcnews.com/business/business-news/amp/small-businesses-optimistic-anxious-about-deregulations-under-trump-n712636?client=ms-android-boost-us
WFW.
Translation - "Soon there will be no shortage of people desperate enough to work for a greedy bastard like me".
EDIT - GEE, THE NBC ARTICLE DIDN'T MENTION WHO ADAM ROBINSON IS!!!
I'M SURE IT WAS JUST AN OVERSIGHT....
"Adam Robinson was elected Chairman of the Chicago Republican Party on April 18, 2012 to a four-year term.[11] Robinson served as Republican Committeeman in Chicago's 48th Ward for the Cook County Republican Party. Robinson was appointed on July 25, 2011 to replace Committeeman Paul Bonilla, who stepped down,[12] and was re-elected to that position on March 20, 2012.[13] Robinson was elected as an Republican alternate presidential delegate for Illinois' 9th Congressional District in the 2012 Illinois Primary. In 2010, Robinson was the Republican nominee and challenger for the Illinois Senate, representing the 7th district in the Chicago area.[14]"
https://en.m.wikipedia.org/wiki/Adam_Robinson_(politician)
panader0
(25,816 posts)In other words, I may not be able to afford that yacht.
orangecrush
(19,546 posts)Look at what I added at the bottom of the op.
Strangely not mentioned in the NBC article.
Kittycow
(2,396 posts)At the added part on the bottom of the op.