50th Worker News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That any american business that hire as 50th worker is going to get massive penalties. if you move people into part-time employment out of full-time jobs and keep workers at 49 or below we'll reward you. if you go above 50 full-time workers, more than 30 hours we're going to punish you. people would say he is crazy. that is what he did with obamacare. that's why we're seeing the staggering numbers right now, because we actually tell businesses if you have more than, more than 49ful time workers, which they define as 30 hours a week, they will impose massive penalties. they're hiring a 50th wor...

Bringing people on full time. but the obama care law is inc t incentivitizing businesses not to hire people full time because of those new costs of that law. >> that's right. a lot of small business people aren't hiring many people because of obama care, and, you know, they are really a major part of our economy. they fuel the economy. i think they have a large part in the economy. >> do you know what a 49er is? >> in san francisco i do. >> no, not a miner. 49ers are businesses that are capping workers at 49, because once you hire 50, all of the new regulations take effect. i can't tell you ho...

Exact it will have on hiring and costs and until that gets sorted out, a lot of employers kind of capping their employment. and don't forget, the new law says once you hire the 50th worker, you have to provide new health care benefits. it's a cap on employment, and the health care law is a bigger deterrent than even the sequester. one other challenge on this point. you look in the 1990s, remember when we had the peace dividend in the cluinton years and prett significant budget cuts, we had robust growth and my point, we can do the sequesters and down size government and see virginia robust pri...

Regulations which are expensive for small businesses. all of those regulations take effect. have you heard of the term 49er? those are folks -- what that means is firms are capping their employment at 49 workers. they are not hiring that 50th worker. the reason they are not because if they do, once they go over 50, all of those new regulations which make it expensive to run your business take effect. i can't tell i how many small business people i talk to say we are capping at 49. that's a big problem. that means the obama-care bill may actually add to the unemployment problem. bill: yes or no...

Where do the jobs come from? the small businessmen people who hire, 25, 30, 50 employees. these are the people who are frightened. they feel like they are under seen from higher taxes, higher fees. >> greta: some had to lay-off people and can still function so why hire the people. >> that's right. businesses have become leaner. that's why corporate profits are up in the last six months. they are not hiring more people. they've become more profit age by downsizing. -- profitable by downsizing. fret get how? >> increase markets make it more profitable to expand. businesses having a tough time ge...