Who, ultimately, will pay for this extended overtime?
I'll not comment about his ridiculous economy claims. Leave that to y'all :-)
mother #### you, you frikkin' ****** monster
Go back to kenya ....
Oh yeah ... they don't want you, I just read.
ROTFLMAO...Bambam sounds like the criminal running the AFL-CIO, Richard Trumka. Get out of private business, Bambam.
How did our former Republic turn into a nation where the person charged with executing the laws -- dictates laws.
And where the only solicitation for speech -- is speech in support of he who presumes to dictate.
The worst part of over 40 hours a week workers is that they will face higher taxation for it. I do not think it is fair to tax a person making, say, $50,000 a year part time the same as someone making $50,000 working 3 jobs and 80 hours per week of work. It would only be fair if we had a flat tax. Under the current system, it is not fair to tax it the same.
10: FUBO
20: Shove it up your as...er...Obamahole
30: Go to 10
Here is how I think this will play out.
Acme Corp. has a mid level manager making $50K working 60 hours/week.
Under these new rules Acme will convert this person to hourly. 50K / year = $25/hour at 40 hour/week.
20 hours of overtime each week adds $750 each week, or $37,500 per year.
Same manager, same job, same hours, now pays $87,500 instead of $50,000.
Plan B.
Convert manager to hourly at $25/hour and reduce hours to 30/week. This is $750/week and at 50 weeks/year comes to $37,500.
Hire a second person to work the other 30 hours each week.
Same job, same hours being paid.
The difference is 2 part time managers get $37,500 each or $75,000 total.
One manager with overtime gets costs Acme $87,500 per year. Two part time managers doing the same job costs Acme $75,000 per year.
Multiply this across the entire middle management of America and you have the middle class getting nearly a %30 pay cut.
The end result being for the first time in our countries history the next generation will likely have a substantially lower standard of living than the one that came before.
I hope I am wrong but I am becoming more convinced of this every day.
Barry will make everyone unemployed so they can have more time at home.