Under ObamaCare, the 30-hour workweek may take a cue from the clumsy Dodo bird and disappear — due to clumsy regulation.
If that sounds extreme, just consider: For a worker making $16 an hour for 29 hours per week, the 30th hour of work each week could cost an employer $112.15.
In other words, ObamaCare could cost an employer as much as $96.15 extra an hour — or six times the going hourly wage in this example.
Here’s how: Employers who offer health coverage that is deemed either too pricey or too skimpy will owe $3,000 for each full-time, 30-hour-per-week, worker who taps ObamaCare subsidies.
Because the $3,000 fine is nondeductible, it’s equal to $5,000 in deductible wages for a profit-making firm facing a 40% combined federal and state tax rate.
Simply dividing that $5,000 by 52 weeks yields an ObamaCare cost of $96.15 per hour.
The 31-hour, 32-hour, 33-hour and 34-hour workweeks also may become relatively rare.
For example, ObamaCare could tack on as much as $48 per hour for a worker clocking 31 hours, or two hours beyond ObamaCare’s care-free threshold of 29 hours per week.
Yet, even for those clocking 40 hours, the incremental cost of ObamaCare of $8.74 per hour beyond the 29th hour of work could effectively add 55% to a $16/hour wage.