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Economics of Public Issues (20th Edition) (The Pearson Series in Economics)
20th Edition
ISBN: 9780134531984
Author: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
Publisher: PEARSON
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Question
Chapter 19, Problem 3DQ
To determine
The negative consequences to the business when the working hour is reduced to less than thirty and the damages that the affected employees suffer.
Concept introduction:
Insurance:
Insurance refers to the contract between the person who is insured against the damages and the person who ensures to pay for the damages.
Explanation:
- There is an argument that the act of 2010 plays a major role in determining health hazards of part time employment. According to law, the firm which has more than 50 employees must provide health insurance plans to its employees, if they work more than 30 hours per week.
- This has made employers to keep less than 50 employees and decrease the working time to less than 30 hours, in order to avoid the cost incurring by providing health insurance to employees.
- Employing 50 or more workers compel the employers to pay for health insurance to all employees, so, there is no reason to hire more than 49 workers. This has affected the wage earning and production of the company. This has made the employees worse off because their earning has decreased.
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Chapter 19 Solutions
Economics of Public Issues (20th Edition) (The Pearson Series in Economics)
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