The 2700 page Affordable Care Act – a.k.a. Obamacare – has defined a full-time employee as someone who works 30 hours per week. By the way, 18 pages of that 2700 page document were spent providing this definition. Employers will be required to cover workers at this threshold and above. Previously, it was assumed that it would be employees who work 40+ hours per week. Obviously this places a larger financial burden on companies than what they were expecting.
I’m curious though, does this new definition also mean that anyone who is paid hourly will be entitled to overtime pay once they reach the 30 hour mark instead of the traditional 40 hours? How does this new definition impact the bottom line for companies in other ways? Will this promote job growth or more lay-offs?