You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Housing is now in below Depression erra levels
- Thread starter EMRGLOBAL
- Start date
Yes, as a minority partner in a family business (restaurants), I can say that Obamacare in it's current form will decimate the retail/service/hospitality sectors. Absolutely destroy it. I'm taking 20% of these businesses will close within 2 years, if this legislation stands.
Ultimately the companies in these industries that are in a very sound financial position will with stand the brunt and be able to upgrade their employee base, as they will be flooded with college grads to wanting to work in such positions as cashier, host, cook, stocker, doorman, waiter, etc due to very high unemployment.
The funny thing about Obamacare, is that the age demo that supported Obama the most in 08 (young people) won't realize that this legislation helped seal their fate (high taxes and high unemployment) until it's too late and their financial lives are on life support.
Ultimately the companies in these industries that are in a very sound financial position will with stand the brunt and be able to upgrade their employee base, as they will be flooded with college grads to wanting to work in such positions as cashier, host, cook, stocker, doorman, waiter, etc due to very high unemployment.
The funny thing about Obamacare, is that the age demo that supported Obama the most in 08 (young people) won't realize that this legislation helped seal their fate (high taxes and high unemployment) until it's too late and their financial lives are on life support.
Quote from clacy:
Yes, as a minority partner in a family business (restaurants), I can say that Obamacare in it's current form will decimate the retail/service/hospitality sectors. Absolutely destroy it. I'm taking 20% of these businesses will close within 2 years, if this legislation stands.
Ultimately the companies in these industries that are in a very sound financial position will with stand the brunt and be able to upgrade their employee base, as they will be flooded with college grads to wanting to work in such positions as cashier, host, cook, stocker, doorman, waiter, etc due to very high unemployment.
The funny thing about Obamacare, is that the age demo that supported Obama the most in 08 (young people) won't realize that this legislation helped seal their fate (high taxes and high unemployment) until it's too late and their financial lives are on life support.
Couldn't agree more, as if the last decade of volatile commodity prices weren't enough of a headache for the restaurant industry, this will be the straw that breaks the camels back.
Clacy, your post above was so true I wanted to put a flame thower to all the other tripe I see in these posts. You go it right on the nut. This whole poilitical confusion will turn our whole crop of private school college graduates into sou chefs.
I don't mean to disparage Sou Chefs as I mean to disparage common undergradutae degrees. ...they paid $120,000 for what?
I don't mean to disparage Sou Chefs as I mean to disparage common undergradutae degrees. ...they paid $120,000 for what?
Quote from Ed Breen:
Clacy, your post above was so true I wanted to put a flame thower to all the other tripe I see in these posts. You go it right on the nut. This whole poilitical confusion will turn our whole crop of private school college graduates into sou chefs.
I don't mean to disparage Sou Chefs as I mean to disparage common undergradutae degrees. ...they paid $120,000 for what?
$120,000 maybe 8-10 years ago. Check out the tuition costs, room and board, books and misc living expenses nowadays at these out of control schools. Many, many private colleges and universities are in the $50k per year range x 4.