Why Workers Are Getting Squeezed by Obamacare

Obamacare stipulates that large employers don't have to provide health insurance to those working fewer than 30 hours a week.

As a result, critics say, employers have increasingly cut worker hours to stay within the limit.

Fox Business' Stuart Varney noted Monday the latest jobs report showed 278,000 people were pushed involuntarily into part-time work when they wanted full-time work.

"In large part, that's because Obamacare's coming down the pike," Varney said.

The squeeze isn't happening only in the United States.

In Japan, employers have been limiting workers' hours to avoid paying health insurance for them for decades, Money Morning Chief Investment Strategist Keith Fitz-Gerald said on Fox Business' "Varney & Co."

Check out this video to hear Keith's take on the Obamacare provision and how it will affect American employees.

Join the conversation. Click here to jump to comments…

Leave a Reply

Your email address will not be published. Required fields are marked *

Some HTML is OK