Conservatives fighting for the middle class again
Under the new rules finalized today, those who earn a salary of less than $47,476 a year will automatically qualify for overtime pay of time-and-a-half if they work more than 40 hours a week. Previously, those who earned more than $23,660 were exempt from overtime pay. The new rules will affect 4.2 million workers in the U.S. when they go into effect starting Dec. 1.
“This regulation hurts the very people it alleges to help. Who is hurt most? Students, non-profit employees, and people starting a new career," Ryan, R-Wisconsin, said in a statement today.
"By mandating overtime pay at a much higher salary threshold, many small businesses and non-profits will simply be unable to afford skilled workers and be forced to eliminate salaried positions, complete with benefits, altogether. For the sake of his own political legacy, President Obama is rushing through regulations -- like the overtime rule -- that will cause people to lose their livelihoods. We are committed to fighting this rule and the many others that would be an absolute disaster for our economy," Ryan added.
https://gma.yahoo.com/house-speaker-paul-ryan-committed-fighting-overtime-rule-185537464--abc-news-personal-finance.html
Comments
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Paul Ryan would make a good President.
Oh. -
you sold your vote for overtime pay?
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In Hondo's world that doesn't translate to yet more reason to replace full time positions with part time employment.
#Obamanomics -
You can't win if you don't runTierbsHsotBoobs said:Paul Ryan would make a good President.
Oh. -
This is actually a very shrewd political move by the Obama administration. Trump has been attracting middle class voters in droves lately, and a lot of them, especially the union types, are dumping their democratic affiliation in favor of the GOP.
This is a policy that more or less forces Trump to put his money where his mouth is. If he opposes it, he risks alienating a large number of his voters who have flocked to him solely because they view him as a savior of the middle class. If he supports the policy, this will drive a huge wedge between him and the GOP establishment, at a time when the two sides have been making a lot of progress towards unifying.
Obama could have released this policy a year ago if he wanted to. The timing of it is not at all a coincidence. -
Mods?RaceBannon said:
You can't win if you don't runTierbsHsotBoobs said:Paul Ryan would make a good President.
Oh. -
sure it is... a policy that affects at most... 4,000,000 / 157,833,000 workers... that wont take effect until after the election (if ever) is a real game changer.GreenRiverGatorz said:This is actually a very shrewd political move by the Obama administration. Trump has been attracting middle class voters in droves lately, and a lot of them, especially the union types, are dumping their democratic affiliation in favor of the GOP.
This is a policy that more or less forces Trump to put his money where his mouth is. If he opposes it, he risks alienating a large number of his voters who have flocked to him solely because they view him as a savior of the middle class. If he supports the policy, this will drive a huge wedge between him and the GOP establishment, at a time when the two sides have been making a lot of progress towards unifying.
Obama could have released this policy a year ago if he wanted to. The timing of it is not at all a coincidence. -
If you don't think this is going to be a relevant talking point on the campaign trail then this must be your first election.sarktastic said:
sure it is... a policy that affects at most... 4,000,000 / 157,833,000 workers... that wont take effect until after the election (if ever) is a real game changer.GreenRiverGatorz said:This is actually a very shrewd political move by the Obama administration. Trump has been attracting middle class voters in droves lately, and a lot of them, especially the union types, are dumping their democratic affiliation in favor of the GOP.
This is a policy that more or less forces Trump to put his money where his mouth is. If he opposes it, he risks alienating a large number of his voters who have flocked to him solely because they view him as a savior of the middle class. If he supports the policy, this will drive a huge wedge between him and the GOP establishment, at a time when the two sides have been making a lot of progress towards unifying.
Obama could have released this policy a year ago if he wanted to. The timing of it is not at all a coincidence. -
Bankers, accountants and lawyers will put up the most fuss over this. Because they are of the mentality that young professionals need to 'pay their dues' as slave labor before receiving meaningful compensation.
Not necessarily saying government intervention is the right answer here. Maybe if some of the partners picked up a pencil or fired up their computers and did some actual work every once in a while, they'd be a little more sympathetic to their peons.
So don't twist.
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All three of those professions are actually exempt from the overtime policy. Not that it would matter, very few professionals in any of those categories will ever make less than $47K a year.PurpleThrobber said:Bankers, accountants and lawyers will put up the most fuss over this. Because they are of the mentality that young professionals need to 'pay their dues' as slave labor before receiving meaningful compensation.
Not necessarily saying government intervention is the right answer here. Maybe if some of the partners picked up a pencil or fired up their computers and did some actual work every once in a while, they'd be a little more sympathetic to their peons.
So don't twist.
http://www.flsa.com/coverage.html
