Union: Obamacare will slash wages by up to $5 an hour

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    Mar 09, 2014 5:50 PM GMT
    I think they're being a bit dramatic... but they probably do have a point.

    A national union that represents 300,000 low-wage hospitality workers charges in a new report that Obamacare will slam wages, cut hours, limit access to health insurance and worsen the very “income equality” President Obama says he is campaigning to fix.

    Unite Here warned that due to Obamacare's much higher costs for health insurance than what union workers currently pay, the result will be a pay cut of up to $5 an hour. "If employers follow the incentives in the law, they will push families onto the exchanges to buy coverage. This will force low-wage service industry employees to spend $2.00, $3.00 or even $5.00 an hour of their pay to buy similar coverage," said the union in a new report.

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    Mar 09, 2014 5:51 PM GMT

    Union head Donald "D." Taylor, in a note also being sent to Congress, demands changes and admits to being reluctant to bash a president his union supported.

    “Believe me; I enter this entire debate about the consequences of the ACA with a deep reluctance,” he wrote. “Unite Here was the first union to endorse then-Senator Obama. We support the addition of health care to millions of Americans. Yet facts are facts, and Obamacare will cost our members the equivalent of a significant pay cut to keep their hard-won benefits.”