- Joined
- Aug 20, 2014
- Messages
- 2,932
- Reaction score
- 657
- Location
- Shady Dale, Georgia
- Gender
- Male
- Political Leaning
- Very Conservative
The Obama administration will unveil a new rule Wednesday that would make millions of middle-income workers eligible for overtime pay, a move that delivers a long-sought victory for labor groups.
The regulations, which were last updated more than a decade ago, would let full-time salaried employees earn overtime if they make up to $47,476 a year, more than double the current threshold of $23,660 a year. The Labor Department estimates that the rule would boost the pockets of 4.2 million additional workers.
The move caps a long-running effort by the Obama administration to aid low- and middle-income workers whose paychecks have not budged much in the last few decades, even as the top earners in America have seen their compensation soar. The last update to the rules came in 2004, and Wednesday’s announcement is the third update to the salary threshold for overtime regulations in 40 years.
https://www.washingtonpost.com/news...ible-for-overtime-pay-under-new-federal-rule/
You know, this kind of stuff probably wouldn't even be necessary if companies willingly kept wages up with inflation instead of never raising the wages unless forced to by the government.
I know this guy who used to manage a KFC. If he kept labor in line he got a fat bonus at the end of the year, if he did not he would be fired more than likely. The only way to meet the targets was for him to work 70-80 hours a week so that paid labor was not used. Likely he also fudged his workers hours some, did not pay them for all the time worked, calling some of it "side work" or " getting ready to work" or some such.
He ended up making about min wage per hour.
This was exploitation, eventually his wife said "No more".
Good on Obama for doing something, this exploitation had long been tolerated.
While that my be true, there are many businesses that are fighting just to stay in business. But you are right, those businesses that aren't the profitable should close. They should just layoff all their employees and liquidate the assets so the owners can enjoy retirement rather than worrying about cutting this expense or trying to find additional revenues.
I'm sure that all the salaried managers going to hourly wages over the next few months won't be real happy about it. In newspaper management, I suspect that district managers may even become contractor positions.
I look for black market to grow rapidly. I paid people under the table to avoid overtime, because of taxes it was in everyone's advantage to cut the government out of the deal, so the employees agreed....they wanted to business to live.
I look for black market to grow rapidly. I paid people under the table to avoid overtime, because of taxes it was in everyone's advantage to cut the government out of the deal, so the employees agreed....they wanted to business to live.
:shrug: Succeeding in the business world is hard. It's better that they close up shop if they can't compete in order to let more new business ventures that can succeed into the market. I prefer short term losses for long term gains over short term gains for long term losses as it makes the economy healthier over all.
I look for black market to grow rapidly. I paid people under the table to avoid overtime, because of taxes it was in everyone's advantage to cut the government out of the deal, so the employees agreed....they wanted to business to live.
unpaid overtime=scam. nothing 'left wing' about expecting a fair days pay for a fair days work.
One of the things that I enjoyed myself when I was a district manager starting out in the newspaper business was the flexibility offered by my salaried exempt position. Were there weeks that I worked more than forty hours? You bet there were. When I took over my district, I worked in excess of sixty hours a week to get it straightened out but once it was under control? There were many weeks that I took Friday off or only worked a few hours a night. My job was to get all the routes out. The paper didn't care how long that took me to accomplish. It was nice having a consistent salary.
Now, that flexibility will be gone for many entry level and midlevel managers. President Obama's Administration is going to put out a new policy raising the threshold for salaried exempt positions to $47,476 a year which is more than double the current $23,660. It sounds like a good thing, right? I don't think all the managers that will be moving to hourly wages and scheduling will think it is. Many businesses have slow times of the year. This has always been a plus for the salaried exempt entry level managers that they weren't impacted financially by the slow times. That is about to change.
This week, one of the managers at one of our properties took off four days this week to attend her son's graduation. She worked about 15 hours this week. Imagine what a hit that would be? She worked extra last week and plans to next week with her director's approval. They won't have the flexibility soon. Thanks Obama. Let's be honest, this Administration and the left will do anything it can to screw over businesses (job creators).
Good God, talk about bitching if you was hung with a new rope. If you earn 23k a year and are salaried, and if you ever work an hour more than 40 hours in a week, then your employer is getting over on you. The fact that the government was allowing anyone earning 23k a year to work an unlimited number of hours without ever being paid a cent in overtime is practically criminal.
:shrug: Succeeding in the business world is hard. It's better that they close up shop if they can't compete in order to let more new business ventures that can succeed into the market. I prefer short term losses for long term gains over short term gains for long term losses as it makes the economy healthier over all.
I dunno. I kinda think that the idea that the government is what "allows" us or "doesn't allow us" to make our own preferred work arrangements is what's criminal. They work for us, not the other way around. They aren't our boss.
I dunno. I kinda think that the idea that the government is what "allows" us or "doesn't allow us" to make our own preferred work arrangements is what's criminal. They work for us, not the other way around. They aren't our boss.
Sure, lets bring back sweatshops, child labor, do away with laws preventing pay discrimination to minorities and so on. Freedom yeah!!!
Sure, lets bring back sweatshops, child labor, do away with laws preventing pay discrimination to minorities and so on. Freedom yeah!!!
So what else are you arguing will? You oppose Something for workers who work more then 40 hours a week because.. It'll lead to unemployed people ZZZZZ.. It's always the same damn argument whenever something to benefit labor is considered. It's always been the damn argument. In reality, employment numbers swing all the time, and if you really want people to lose their jobs, cut government spending.
Sure, lets bring back sweatshops, child labor, do away with laws preventing pay discrimination to minorities and so on. Freedom yeah!!!
There is an important difference between being paid $31,200/year and being paid $15/hour - the latter requires punching a clock or at least filling out a time card. While that hourly (non-exempt?) employee would make more during any week that they exceeded reportiing 40 hours on the job (at the hob site?) they would also get paid less during any week that they did not.
The best thing about having a salaried (exempt) position is that, rain or shine, you can count on getting a consistant amount in your paycheck. Getting a bigger paycheck (as an hourly or non-exempt worker) during the busiest weeks may or may not offset getting a smaller paycheck during the slower weeks - the law change appears to make that, exempt vs. non-exempt employee status, no longer an option.
Exempt employees can take 3 hours off to go to a doctor, or leave work 2 hours early to go to their kid's dance recital, without seeing a change in their paychecks. Hourly employees get docked pay for that time. As someone who has been an exempt employee for the better part of 30 years, I would much rather have that benefit and know on occasion I will have to work "overtime" (which I've had to do thousands of hours in my career) than have to manage every minute of my day against an hourly wage.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?