Off-Topic: Threats to Employment

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	Name:	lotowner -
	Subject:	Threats to Employment
	Date:	11/19/2009 1:02:16 PM

I heard a statistic from a CPA this AM that a small business owner with 13 employees will have to reduce to 12 employees to maintain his current profit level because of the higher cost associated with health care legislation in Congress.

The other statistic was that 1 in 5 employees could be impacted as a result of higher health care cost, Cap and Trade, and the termination of the Bush tax cuts.

All this is from small business entrepreneurs which are the sources for most of the new jobs.

I conclude from this that 10% unemployment under the Obama administration may be the new low. Forget about anything less than 10%.

Other messages in this thread:

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Threats to Employment - lotowner - 11/19/2009 1:02:16 PM

American in Pain - MAJ USA RET - 11/20/2009 8:19:50 AM

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