UPS is not alone in blaming Obamacare for recent business decisions. In the case of UPS, their decision is to drop benefits for the working spouses of 15,000 white-collar, non-union workers(1). Makes me wonder if fellow white-collar workers are paying attention to the details.
If you’re like me and you try to be a conscientious consumer who makes purchasing decisions that send a message, then here’s a list of other major corporations who are actively opposing the Affordable Care Act(2):
CKE (owner of Hardee’s)
Whom do the above (excluding Boeing and UPS) generally employ and who will be hurt the most if these large and profitable corporations cut back on benefits, reduce workers’ hours, curtail new hiring, and raise prices as their response to the Affordable Care Act?
Hint: It won’t be the senior corporate managers making these decisions, their boards of directors, or the shareholders to whom they answer.
Yes, companies need to be profitable.
Yes, investors need to make attractive returns.
Yes, retirees with 401Ks want to earn as much as they can on their investments (although if you’re a retiree and still in equities I suspect you’re either fairly wealthy and can afford the ‘gamble’ of stocks, or you’re in desperate need of better financial advice).
What we don’t need to do is make money our only measurement of success. The accumulation of wealth without regard for how it’s done should not be held in such a high regard and as one of our society’s core values.
Isn’t it ok to make just a few dollars less profit while you do right by your employees? What kind of person tells their employees that I’m going to cut your hours and blame the Affordable Care Act just so that I can make more money for myself and our shareholders by not offering you employer-subsidized healthcare?
Seriously, isn’t that just a really huge F**K YOU from the rich aimed essentially at all the rest of us ordinary people?