Posted on 05/05/2015 1:49:30 PM PDT by Oldeconomybuyer
Under current law, employers are required to pay time-and-a-half wages to employees working more than 40 hours a week only if they earn less than $23,660 annually. The Obama administration is intent on increasing - and likely more than doubling - that salary threshold, according to people briefed on the administration's plans.
That change is likely to have significant impact on workers in retail and the food services industry, like a restaurant manger who earns $30,000 a year but works 60 hours a week.
"We need a national wage floor that that rises each year, so that its purchasing power doesn't erode with time," Labor Secretary Tom Perez wrote in a blog post.
(Excerpt) Read more at cbsnews.com ...
Start stocking up on toilet paper
Obama seeing if he can screw something else up
$23,600 is peanuts. The exemption limit needs to be raised.
He can’t do a dam* thing about it. This is more blather and obfuscation to blanket the internet and keep the real issues from people’s attention.
“”We need a national wage floor that that rises each year, so that its purchasing power doesn’t erode with time,” Labor Secretary Tom Perez wrote in a blog post.”
Interesting statement. If you increase the wage floor, you need to increase prices which decreases purchasing power.
Or did I miss something in my Macroeconomics 101 class?
I agree; I have no problem with raising it. The fact is that many gains labor made since the days of the muckrakers (which basically made unions obsolete) are being steadily chipped away.
[ Start stocking up on toilet paper ]
When there is a sale, i stock the hell up, I got enough TP and Paper Towels and Laundry soap to last a few dozen lifetimes...
Target has a decent deal every now and then when you buy 2 18 rolls packs of scott 1000 sheet you get a 5 buck card, well, suffice to say I have lot of Scott TP.
Those who are worth more that $23,600 a year are already earning it..
Why not just raise the minimum wage to $100,000? And that is a serious question to a socialist.
How is it the government’s business what an employer pays an employee? Bueller? Bueller?
> Or did I miss something in my Macroeconomics 101 class?
Productivity increases will theoretically cover the cost...
What? Alaska labor law and federal labor laws don’t say that hourly employees who work more that 8 hours a day, and more than 40 a week don’t get OT?
I must have my wires crossed because I sure thought I knew that!
Sam’s Club sells 45 rolls of 473 sheets a piece for just over $20.
We need a national wage floor that that rises each year, so that its purchasing power doesn’t erode with time,” Labor Secretary Tom Perez wrote in a blog post.
we need the govt to stop spending and printing money
That will last you quite a while if you stock up.
Remember some celebrity, don’t remember who, said to help the environment, use only one sheet per bathroom visit. Though she did make an exception for certain “messy” incidents...........
He has no idea how a business works. Like all marxists, he thinks that businesses are run by the rich and employ the poor, which they exploit.
Reality: A business can’t afford to pay an employee more than he/she earns for the company.
< 23,000/year??? that don’t make sense!!
It is kinda screwed up. Apparently you can call someone a “manager” and don’t have to pay overtime. If anyone is gaming the system it is the employers. 40 hrs a week is enough for anyone to work. Employer wants them to work any more than that them pay them overtime.
I average about 60 hrs a week. Not hard work, but away from family, home and hobbies. I don’t qualify for any overtime. I’m in sales and we are exempt from overtime pay. Apparently.
World War II saying: 3 sheets - one up, one down, one to polish.
“Productivity increases will theoretically cover the cost...”
True, but wouldn’t that be offset by the layoffs due to the higher wages and higher costs?
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