New Overtime Rules for Folks Making Less than $50K/year

Water Cooler
#1

http://gawker.com/your-pay-is-about-to-go-up-1772937935?utm_campaign=socialflow_deadspin_facebook&utm_source=deadspin_facebook&utm_medium=socialflow

this prob wont affect any of you big ballers here who pull this in 2 months of work but for some Level 1 dufus working as a financial advisor salesman this is HUGE

#2

Wow! But I’m in Canada :frowning: Good job though.

#3

I have heard the abuses of some chain resteraunts paying “managers” at fast food places very little and no overtime, while making them work tons of extra hours (to the point where they made less than an hourly employee) which is terrible. A major point of any new regulation in the area is to establish a mechanism to adjust the number based on a stated metric so it doesnt fall to such a ridiculous number again.

#4

But now companies will just pay workers less, with the expectation that the difference will be made through overtime… Whoever writes these rules is a clown…

#5

Does the law still apply if I make 250k in divis while I manage Gino’s pizza? What if I have two jobs? Is it cummulative? Brain dead people should learn to defer.

#6

I would just pay the employees 50,001 and be done with it.

In Ontario, you get overtime if you work in unionized or shift work that exceeds 40 hours, but then you just get taxed up the ass for the extra time.

#7

The way to think of it is either you get a higher salary (high enough to provide a living wage certainly) or the employee gets the benefit of overtime pay. In my experience of working jobs that paid overtime pay @ a salary of under 50k at the beginning of my career the business has its budget maxed out, and they rush you out at 40hrs so they dont have to pay overtime. Thats complately fine, and I certainly didnt mind, time is valuable. The problem is when they work you 60hrs and have you scrubbing floors at a dunkin donuts while claiming you are a manager and paying you 28k a year.

This isnt as impactful as people make it, it is pretty targeted regulation. It really is aimed at the abuse of the term manager.

#8

Is Greenie getting a big raise with this?

#9

Yeah, I agree that the impact of this particular rule will be small. The problem, in my view, is in introducing hundreds of incremental rules that not only create an enforcement cost, but exploitations and inefficiencies that end up draining the economy. Furthermore, many employers will find ways to circumvent these rules, or the costs will pass on to consumers in the same economic bucket. For instance, the marginally higher cost of employing that $28k manager above will pass on to consumers of fast food through higher prices.

#10

^agree.

#11

Haha YES!