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-- -- in front Lawrence in any of course.
Were evaluating the effects of Obama care both for employers and for individuals here Fox Business.
And it would take a closer look on how it -- affects small businesses.
I -- it -- -- -- -- foxbusiness.com.
Thank -- for joining us today because I'm having -- piece on the website it talks about.
The Obama clinic -- employer mandate how it's been delayed for -- there's -- hearing in Washington.
How -- people a -- His owners -- responding to that so there is a house small business subcommittee hearing yesterday.
And small business senators came to share how Obama cares definition of full time -- -- It's affecting that -- and what's interesting here is that.
Generally federal labor laws consider a full time employees to be workers that work forty hours -- Not -- obamacare considers you full time if you're working just thirty hours.
Which is a huge difference for businesses that depend on -- staff that I might hit that thirty hour eleven.
Exactly so what kind and since you like what kind of he tells came out of a hearing in terms of from the small business side -- how this may impact what what did you larger so a lot of the small business owners sad that the law was going to force them.
To limit the number of hours that their employees work.
One business senator Stephen Banco.
He owns and moving company and during the busy moving season he's part -- co workers will pick up extra shifts.
And he -- no -- have to limit them to just twenty hours a week.
Rather than fifty hours a week that they pick up so they can earn extra income when things get really busy so it has a lot of implications both for -- the business owners need to make sure that -- workers don't hit that thirty hour limit right and also for the employees who can pick up the extra work.
Yeah absolutely now.
You spoke to economist Dean Baker about this for more theoretical standpoint what does he have to say about.
The impact that he presented his research at a hearing and he basically sad that it wasn't going to have a huge impact on the economy.
He said that 94%.
Of businesses who hit that fifty employees or more limit.
Are already providing insurance they wouldn't even be affected by this -- that they need can't hurry to start providing insurance.
And he said that he doesn't think it's going to affect the potential growth.
That only 1% of the potential growth.
Might be impacted by this planet so he's -- it that it wasn't going to have a huge effect.
But obviously these business owners are telling a very different story yet which is that they're going to happen to you.
-- employees hours they're going to have to rework their work schedules they're going to have to really watch their bottom line.
Hi this is going to impact the labor force participation rate.
So -- de Bakker he -- in that it wasn't going to have.
A huge -- fact but he did point out that any long term effects will be -- over a ten to when he.
Your range she looked at Hawaii which had an employer sanction and -- and that the effects only started to show up really years after the law went into place.
And that most employers are going to -- very hesitant start cutting your hours as soon as the employer mandate occurs because they'll be seen as sort of taking advantage of the situation and -- -- flat.
-- -- -- overall -- that you walked away with from this house hearing from the small business owners who were testifying on it and -- business owners are very concerned and when you're running small business.
You want to treat your employees right because you're working with on every single day camp so it sounds really difficult from their perspective to say you can only work twenty hours per week you can pick up that extra shaft.
Right because I don't have to give you health care if some in a very tough position.
So they really did make a compelling argument.
For -- from their perspective.
The limit should be at forty hours like other federal labor laws rather than the thirty hour island.
-- -- any chance given the one you're delayed that this could be changed look everything is up in the air when it comes to obamacare and the -- -- We're just seeing now how the exchanges are playing out.
So it seems talking to -- spirits and talking to small business owners that that's the general feeling that there's a lot of uncertainty up in the air.
And then there's the possibility that if you can make a compelling argument.
Practical changes could be put into place.
So we will be following it closely obviously at foxbusiness.com.
To see what happens here but there's definitely a feeling that.
He's small business owners need to make their claims are excellent -- -- -- Carol thank you so much you great coverage of small businesses for fox.
This is dot com be sure to check out her web say it's right there on the street you check -- out foxbusiness.com.
And of course she is also on Twitter -- around here all.
And with a KK a.
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