Stupid, a puppet and ball-busted is no way to go through life son.
I know, but they got me this far.
If he does this he will basically take away overtime from the people who could use it the most.
When does this guy do anything the correct way?
The next POTUS must attach to each budget bill a stipulation that all regulations enacted by federal agencies are invalid unless Congress ratifies them by a 2/3 majority...like a treaty.
I’m having trouble getting outraged about this:
1. If the law say Obama’s minions set the cutoff, it’s a refreshing change for him to be actually following the law and adjusting the cutoff.
2. I have never worked anywhere that didn’t give hourly employees who made more that $26k time and a half for overtime. They either paid overtime without concerning themselves how much someone makes per year or used some sneaky Pete BS to claim everyone was a contractor or something to avoid paying anyone overtime. I have never heard of people who make more than $26k not getting time and a half for overtime, ever.
3. No, I don’t think it would be reasonable to say someone who gets paid between $26k and $52k shouldn’t get time and a half for overtime.
People are paid what they are worth, and they are worth what they are paid. That is what the labor market provides.
The “Minimum Wage” is the minimum a person must be paid, and, it is the minimum a person must be worth. Anyone worth less than $15/hr will lose their job when the “Minimum Wage” is $15/hr.
By retail and agriculture automation stock.
For anybody who’s interested, here’s a relatively brief history of the FLSA OT provisions and exemption standards. You may not agree with the writers’ specific recommendations, but it is clear that the proposed change would not be pursuant to some little-known codicil but consistent with the way the levels have been adjusted since the law was enacted. Further, such an adjustment is WAY overdue.
http://www.epi.org/publication/inflation-adjusted-salary-test-bring-needed/