Originally Posted by feedmelies
It says "maybe" cut hours.
Anyway, there will be less customers to satisfy when the product costs more. Papa John's operates in an extremely competitive market. I don't even eat there because I have better options (I feel that I'm getting more for my money elsewhere). I'm even less likely to eat there now if the pizza gets more expensive.
You know it's funny. Before there was any substantive health-care reform, insurance premiums rose, on average, almost 9% (8.7%) per year for the last 10 years. That means, doing some quick mental math, that insurance premiums almost doubled in the last 10 years.
Yet, we didn't hear anything over those last 10 years about layoffs from pizza chains. Then a well-known conservative CEO spouts off about Obamacare and layoffs and you eat it up.
P.S. - If these changes affect Papa John's, they'll affect ALL pizza chains. Therefore, on net, there is no competitive disadvantage for Papa John's versus other pizza chains. And it most likely affects all restaurants, so you're not going to be able to eat somewhere else to avoid the cost increase, which you claim will come, but haven't come over the past 10 years when premiums have doubled.
P.P.S - If the pizza industry is "highly competitive" as you claim, then they can't pass price increases on to consumers very efficiently. Highly competitive industries are price-takers not price-makers.
My prediction? Pizza stays about the same price over the next 5 years, there will be no mass layoffs due to Obamacare and you'll still be spouting the same silly, completely wrong (and proven so over and over) opinion on this forum.
And this little blue marble will keep on spinning.