But it’s not just layoffs. Some companies are also contemplating cutting hours. Sadly, many companies have already done so.
Part-time is the new full-time in Obamaville.
This doesn’t just hurt the workers, who now have to try to live on a far more meager salary. It hurts the country as a whole.
Fewer working hours = less income = lower tax receipts = bigger deficit. Fewer working hours = less income = more welfare. #deathspiral
— Nathan Wurtzel (@NathanWurtzel) November 10, 2012