Minimum wages + ObamaCare + Unemployment = ???

This is the awful monster that you get when you put minimum wages (aka maximum wages), Obama's Affordable Care Act (aka national insurance plan for everyone that no one wants to pay for) and Unemployment Insurance (aka insurance against trying to find work).

For the majority of you who don't read US news, this is basically a combination of three "well intended" populist vote buying laws that had morphed into a horrible monster that forced employers to...

1. Pay the minimum wage since there is no incentive to pay more.
2. Convert as many permanent staff to temporary staff as possible to kill entitlements such as bonuses and benefits.
3. Restrict working hours to 29.5 hours per week as you must pay for the ObamaCare if you go over 30 hours or risk a hefty fine.

And the net result is let's say you are working in New York, you get $214 per week (29.5 x $7.25) flipping burgers, assuming you can land yourself a job in the first place.

And so how does the employee responds? Simply reduce productivity since there is no prospect whatsoever for conversion to a permanent position, pay raise or bonuses.

Oh why even bother to try to work when you can collect your unemployment benefits at 60% of you last average weekly wage which is $128.40 doing nothing at all for 99 weeks?

Source : http://www.zerohedge.com/news/2013-08-19/obamacare-strikes-forever-21-which-forcibly-demotes-some-workers-295-hours-week