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Conservatives fighting for the middle class again
2001400ex
Member Posts: 29,457
in Tug Tavern
We don't need overtime rules cause they actually hurt people who should get overtime.
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
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
Oh.
In Hondo's world that doesn't translate to yet more reason to replace full time positions with part time employment.
#Obamanomics
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.
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
One of the big problems that we have with rising minimum wage, etc. is that it's pricing what I'd term "unskilled" labor out of jobs. If you were a business owner, would you want to pay a HS kid $15 an hour in a few years? What about a college student?
We want our young people to learn accountability, take responsibility, learn, and grow. A lot of jobs that many people had on this board aren't even realistic anymore. To a certain degree, that also applies to a number of college jobs.
For myself personally, one of the jobs that I got while in school was a summer internship with Wells Fargo. I got paid shit ($8/hour) but the experience that I was able to gain doing the job, the insights I was able to learn, and the added responsibilities were invaluable. So was being able to put a Fortune 500 company on my resume. Same with another internship that I had my last year of grad school that basically gave me the foundation to transition seamlessly into a job after graduation. There was a ton that I learned about deadlines, responsibility, communication, commitment, etc. that I would have never realized or understood without jobs in the professional world giving me a primer. I was far from perfect even then and it's something that my first professional boss and I look back and laugh at now ... we didn't laugh so much then.
The point is that we need to look at jobs differently than what we've looked at them historically. We need to get away from having jobs that should be filled by the next generation of workers looking to gain experience and responsibility being filled by your average aspire to nothing person working 2 8-hour shifts at McDonald's and Wendy's to get by.
I'm 100% for people earning a living wage for the work that they do. However, there shouldn't be handouts. You should have to apply yourself to get rewards. I remember in college working as many Sunday's and Holiday's as possible so that I could get time and a half ... overtime is great and a great incentive if used properly. The problem with the way that this law is proposed is that you're incentivizing the work to be inefficient in order to get to overtime. You are forcing employers to have to make quicker decisions on new employees and whether or not they are worthwhile at their current salary levels. And, perhaps even more simplistic, there's a simple workaround for this by employers setting base salary levels at say $50k and then not even having to worry about overtime. Honestly, this is a non-issue to me if handled right.
I don't know how this costs people jobs. The conservative argument should be that you don't do this by imperial decree, you do it by legislation.
If you move them back to hourly you will damn sure watch how many hours they work. I've been salary and it was always enough that you knew you weren't being hired for 40 hours a week, you were being hired to get the job done. Throw in cars and gas cards and other bennies and there is no need for overtime.
I don't believe in hiring someone at 30K a year and making them work 60 hours a week. That's bullshit. But again, the conservative argument is to let the market decide.
Obama is meaningless in this election by the way. Other than helping Trump by acting like a dictator.
And to Race, my only salaried employee is another partner. Everyone else is hourly and we pay overtime.
Not referencing college internships. I'm talking indentured servitude and asswipes who treat the underlings like shit simply because they outlasted everyone else and put up with the hazing.
Not a fan of the indentured servitude model.
I"m talking your guy right out of college at the local branch. Or the credit analyst or business banking associate. Those guys aren't making jack. Retail banking sucks donkey balls.