Of course, they won't know about the pay raise because it will all go to increases in health insurance premiums.
The net result is that employees will blame employers for being greedy, because they haven't seen a pay raise in 8 years, or they the will blame employers for firing them, but it will all be the government calling the tune.
Thomas Sowell explains:
It bothers me a little when conservatives call Barack Obama a "socialist." He certainly is an enemy of the free market, and wants politicians and bureaucrats to make the fundamental decisions about the economy. But that does not mean that he wants government ownership of the means of production, which has long been a standard definition of socialism.
What President Obama has been pushing for, and moving toward, is more insidious: government control of the economy, while leaving ownership in private hands. That way, politicians get to call the shots but, when their bright ideas lead to disaster, they can always blame those who own businesses in the private sector.
Politically, it is heads-I-win when things go right, and tails-you-lose when things go wrong. This is far preferable, from Obama's point of view, since it gives him a variety of scapegoats for all his failed policies, without having to use President Bush as a scapegoat all the time.
Government ownership of the means of production means that politicians also own the consequences of their policies, and have to face responsibility when those consequences are disastrous -- something that Barack Obama avoids like the plague.
Thus the Obama administration can arbitrarily force insurance companies to cover the children of their customers until the children are 26 years old. Obviously, this creates favorable publicity for President Obama. But if this and other government edicts cause insurance premiums to rise, then that is something that can be blamed on the "greed" of the insurance companies.
The same principle, or lack of principle, applies to many other privately owned businesses. It is a very successful political ploy that can be adapted to all sorts of situations.
Back in the Middle Ages, the royalty avoided the blame for its taxes by having Jews collect their taxes. The Jews got the blame and the royalty could periodically exile their old Jews and bring in new ones.
Business are the Jews of the modern welfare state.