Obamacare-Spurred Job Cuts Likely Here To Stay
Don't expect policy delays to make a difference
For many workers, the one-year delay in ObamaCare's employer mandate was too little, too late.
The delay doesn't offer sufficient reason for CY Farms in upstate New York to reconsider its decision to cut 25 workers from its payroll, managing partner Craig Yunker told IBD.
Those workers were let go when the farm decided that the additional costs of complying with ObamaCare made it hard to justify planting a labor-intensive cabbage crop this year.
"Last February is when we needed to make decisions about buying seed and growing the transplants in a greenhouse," Yunker said.
The slimmed-down farm now falls just below the 50 full-time-equivalent worker threshold at which ObamaCare's mandates kick in.