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Again -- scaled back it comes as a one industry though is shifting more and more.
Towards -- part time work force in the wake of obamacare restaurants.
And our next guest has been one of the industry's most outspoken CEOs on the issue.
Any president runs hard.
-- junior parents -- me Andy you have been talking about this pretty much since that thing was how that went Pelosi said now we got to go read it.
But we just saw in the recent labor numbers that part time workers again are up.
But those part timers are not turning into full time employees are that.
Well if you look at the numbers we as you said to be OS release the numbers earlier this month than we had twice as many.
Part time jobs created as we -- jobs created overall -- rogue reporter thousand part time jobs.
And just under 200000 full time Gupta we ship our jobs and it net jobs so actually lost a couple of hundred full time jobs which is.
Which is unfortunate I think it's it's not a positive comment for American workers or American businesses.
But that's why you think that -- additional model of the full time worker is totally changing because of Obama care.
Edit it it would normally in the -- African American business -- full time employees are your are your most valuable employees their experience.
They're loyal they know your customers they say -- Tracy they see in the drive through line or in the restaurant they say.
Would you like your regular your makes you feel more like you're involved with that with the business -- And that that's -- all retail not just restaurants that and not but now they've got the issue so.
Increases so substantially the cost of full time workers that it it really enhances the value.
A part time -- so you see more and more part time worker brought part time workers being hired.
-- to -- to replace full time workers -- move on -- you see part time workers with very few hours getting their hours increase now that's.
That's good for the part time workers getting his hours increased its good for the new part time job that's created.
But it I think it's damaging to the full time workers and in that sense it's really damaging to the way we've done business for you know a long time.
I think you make a really interesting point in your notes you point out that when the cost -- something goes up businesses use less of it.
And interestingly the cost of employment has gone up for an employer are right so the more the cost to have employees goes up.
The less they're going to hire them.
Bet that that's true and and particularly.
In this case it's not actually very -- they put it may be hiring more people -- harboring maybe.
For part time people to -- three part time jobs that.
American businesses are that they're they're not all like apple with a big corporate -- there's not always some big corporate pot of gold -- -- go to most American businesses.
Generate revenue that they use to pay their expenses.
They use it to pay down debt if they can.
They use it to reinvest in the business which is how we create jobs and prosperity and hopefully you've got something left to distribute your shareholders.
If Acosta goes up.
It it it -- one of those things you have to keep your costs down -- you pay less -- offer you don't reinvesting your business.
Are you don't distribute your shareholders -- what -- cost goes up American businesses try and deal with the first of all by using less of what ever went up in price and in this case.
Full time labors have gone up and cost under VA CA so you you're going to -- retail manufacturing.
People are just going to use less full time labor to.
-- -- -- you know -- the business as a whole does it I -- you'd rather have these same people there all week long so they know what happened we can refer back to the person who was there on Monday on Friday.
When you have -- the part timers that are coming in and now.
It's -- -- the continuity of the business sentiment.
It makes it much more difficult to run an end -- you know there were some unions have very powerful unions -- last week that wrote a letter to the administration complaining.
About the ACA and in particular the loss of that forty hour work week and I agree with them the loss of the forty hour work week.
Is not good for American businesses or American workers that makes its -- certainly for the workers that are full time and it's worse for the business that has to manage a larger labor force so.
I hope we can do something about this.
I know there are proposals out there and I I -- one -- be -- -- pursued.
It's not often we agree with the unions -- because they're friends decayed thank you so much for taking the time serve regular person -- to do it.
Coming up DNA testing can save lives but it -- a little expensive to find out whether you should undergo genetic testing.
But first let's take a look at some of today's winners and losers -- -- about fourteen points.
I think -- -- under winner's circle to Mexico.
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