06-24-2024, 08:15 PM
(06-24-2024, 08:11 PM)Luvnit2 Wrote: My experience is when an industry like fast food is forced to pay workers more money, the other casual dining and fine dining will also be forced to pay more causing a spike in their prices. Fast food is at the bottom of the paid eat out category, anything impacting them with wages, will impact others in the industry as well.
The other issue is health insurance. Employers will be forced to reduce family coverage by paying less of the monthly premium or raising the deductible or both.
Get ready as predictions for health insurance are in the 8 to 10% increase range in 2025. People are dropping health insurance coverage now, many under 30 who came off Mom and Dad's plan at age 26. They are gambling they will pass less than their expensive premium if they get sick. They are banking on not being hospitalized. The other big driver of increased health insurance premiums is illegal immigrants using hospitals and they have no insurance. Guess who will pay for them, yes, the people with insurance and companies' premiums will spike.
I agree and am not arguing. Just stating the first wave impact.
That an facilities reducing hours so employees do not hit hourly markers to gain benefits.
Brutal machine.
