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Lsut81 
LSU Fan
Member since Jun 2005
54962 posts
 Online
| Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 10:25 am)
No talk of it yet?
I can't link it because I'm on my phone, but it's a dailymail story that is on drudge right now.
Owner of 40 Denny's is increasing prices by 5% and cutting back hours to < 30 to compensate for Obamacare.
I figured this would be already posted 
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BayouBengal51
LSU Fan
Alexandria, Louisiana
Member since Nov 2006
3837 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 10:33 am to Lsut81)
Denny's Chain owner has to increase his fees and reduce employee hours.
quote:
Obamacare requires businesses or franchises with more than 50 workers must offer an approved insurance plan or pay a penalty of $2,000 for each full-time worker over 30 workers. The program mandates that only employees working more than 30 hours a week are covered under their employers health insurance plan, chains like Olive Garden and Red Lobster are already considering reduced worker hours. 'Obviously, I'd love to cover all our employees under that insurance,' said Metz. 'But to pay $5,000 per employee would cost us $175,000 per restaurant and unfortunately, most of our restaurants don't make $175,000 a year. I can't afford it.'
This post was edited on 11/15 at 11:50 am
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constant cough 
New Orleans Saints Fan
Lafayette
Member since Jun 2007
28432 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 10:40 am to Lsut81)
That's Racist!
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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
13493 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 10:41 am to constant cough)
FORWARD!!!!!!!!!!!!! 
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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
17419 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 10:44 am to Lsut81)
The good parts of Obamacare are supposed to kick-in in the next few years. Things are going to be GREAT!! 
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davesdawgs 
Georgia Fan
Georgia
Member since Oct 2008
11005 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 10:46 am to Lsut81)
quote:
Denny's Price Increase and Labor Cutback
Just more evidence that we are headed toward a single-payer/government controlled healthcare system. Obamacare basically leads businesses into dropping healthcare for their employees or simply by using part-time employees for whom they are not required to provide healthcare. The net effect will be an even worse employment environment.
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Lsut81
LSU Fan
Member since Jun 2005
54962 posts
Online
| re: Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 10:55 am to GumboPot)
That gif is fricking awesome 
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Tiger55
LSU Fan
Gretna, LA
Member since Aug 2004
1090 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/15/12 at 11:54 am to Lsut81)
People are idiots. Most of the people who voted for him are the same ones who will be screwed over the next few years, don’t feel bad for them at all. What sucks is that I will be screwed also despite of my vote
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IMJ127
LSU Fan
Death Valley
Member since Jul 2011
1877 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 3:56 am to davesdawgs)
quote:
Obamacare basically leads businesses into dropping healthcare for their employees or simply by using part-time employees for whom they are not required to provide healthcare. The net effect will be an even worse employment environment.
Wal Mart has been doing this for years. People will be more dependent on the Govt if this continues.
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lsu480 
Arizona State Fan
1488 posts
Member since Oct 2007
48061 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 4:09 am to BayouBengal51)
quote:
Obamacare requires businesses or franchises with more than 50 workers must offer an approved insurance plan or pay a penalty of $2,000 for each full-time worker over 30 workers.
How does this equal this?
quote:
But to pay $5,000 per employee would cost us $175,000 per restaurant and unfortunately, most of our restaurants don't make $175,000 a year. I can't afford it.'
Why doesn't he just pay the $2000 penalty for each worker over 30?
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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
25258 posts
Online
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 4:32 am to lsu480)
Because he is still restrained by his businesses P&L at the end of the year. A simple concept to grasp. Broke company closes its door, and everybody loses as a result, that is what spreading the misery rather than wealth looks like. Welcome to the state of Nirvana caused by the re-election of the Idiot In Chief.
This post was edited on 11/18 at 4:50 am
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reverendotis
LSU Fan
Rick's shitty thread expert
Member since Nov 2007
1028 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 4:43 am to lsu480)
quote:
Why doesn't he just pay the $2000 penalty for each worker over 30?
Because he can reduce their hours like he is planning to do and not pay anything?
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lsu480
Arizona State Fan
1488 posts
Member since Oct 2007
48061 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 5:01 am to reverendotis)
quote:
Because he can reduce their hours like he is planning to do and not pay anything
Of course....but he doesn't need to exaggerate to do so.
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Kickadawgitfeelsgood
Lafayette LA
Member since Nov 2005
7227 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 5:36 am to davesdawgs)
quote:
Just more evidence that we are headed toward a single-payer/government controlled healthcare system.
You thank Jindal and several other Republican governors for helping us get there faster.
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ljhog 
Arkansas Fan
Lake Jackson, Tx.
Member since Apr 2009
8875 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 5:36 am to Lsut81)
damn the price of the Grand Slam Breakfast is goin' up! how much more can this country endure before they rise up and demand free breakfasts??
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Cholo
Arkansas Fan
El Paso, Texas
Member since Oct 2012
976 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 9:29 am to ljhog)
Who cares. Waffle House > Dennys.
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Lsut81
LSU Fan
Member since Jun 2005
54962 posts
Online
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 9:33 am to ljhog)
quote:
damn the price of the Grand Slam Breakfast is goin' up! how much more can this country endure before they rise up and demand free breakfasts??
Great insight 
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wavebreaker
LSU Fan
New Orleans
Member since Nov 2012
467 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 9:37 am to reverendotis)
Like the other places said it'd be $70,000 increase per store.
This is what happens when you put a community organizer in charge.
ObamaBots say...
He's greedy. Show picture of his house. Boycott.
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RuLSU 
Rutgers Fan
New Jersey
Member since Nov 2007
868 posts
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 9:44 am to ljhog)
quote:
damn the price of the Grand Slam Breakfast is goin' up! how much more can this country endure before they rise up and demand free breakfasts??
While I doubt we agree politically, I lol'd.
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Revelator
Member since Nov 2008
9179 posts
Online
| re: Denny's Price Increase and Labor Cutback (Posted on 11/18/12 at 10:28 am to lsu480)
quote:
Of course....but he doesn't need to exaggerate to do so.
The penalty is incremental and rises each year.
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