Barack Obama Poised to Convert Millions of Junior Managers into Timeclock Punchers
Byhe title of this post is my alternative to Politico’s headline which reads, “Barack Obama poised to hike wages for millions.” What is actually happening is that Obama is proposing to raise the threshold for how much money an employee can make before he or she can be considered exempt from overtime rules (and thus exempt from filling in a time sheet).
As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000, extending time and a half overtime pay to millions of American workers.
The Obama Administration and its supporters (and apparently Politico, by how they wrote the headline) are smoking something if they think employers are going to react by raising salaries of current exempt employees being paid 23,660 or 30,000 or 40,000 to $52,000. Absolutely no way. There may be a few just under the $52,000 threshold that get a bump, but that will be a minor effect…
Barack Obama Poised to Convert Millions of Junior Managers into Timeclock Punchers
