Pay threshold for managers to rise to 50K

I think throughout history, when you have business owners and workers and no government or union protection, you have very low-paid workers in unsafe conditions with no benefits.

It beats having to deal with government red tape, I suppose.

 

Yet somehow that signature will put money in workers' pockets. How could that be?

 

Sez you ...

 

Watch.

 

Lay out your expectation cranberry ... are you saying some affected workers will be better off? Or are you saying all affected workers will, on net, be better off?

 

Here's my expectation ...

Some of these workers will walk away with overtime, so they'll make more money. They'll also wind up working under less-desirable (for them) conditions -- say, crazier "fractional" shifts, etc. -- and whatever benefits they have will be trimmed back.

Many more of these jobs that would have been filled with "managers" will now be filled with part-timers who don't get benefits. The people holding these jobs will be compensated less because they'll be, on the margin, less valuable. Further, as many of them will now have to piece together a living in multiple locations, their net earnings will be even lower.

And, finally, as the effects of this all play out -- some of them seen, some of them unseen -- you, or somebody like you, will be clamoring even more loudly about how we "need to do something for the working poor!" And some politician will give you a chubby by signing some other document, and the cycle will repeat itself.

I'm 99% confident about my first two points. That third one? That's a lead-pipe cinch, baby!

 

Workers will get paid more money. I know that sucks for you guys. Too bad.

White House Plan to Extend Overtime Pay Sparks Businesses’ Outcry - WSJ

 

You mean President Obama's Labor Secretary thinks this action by President Obama is a good thing?

Wow, I am gobsmacked! That changes everything!

 

You mean the 1 percent and their sycophants think it's a terrible idea that will only cause a loss of jobs? I'm gobsmacked!

Trickledown, baby, trickledown!

 

Having motivated, happy workers is also good for business. That's why Walmart decided to raise the minimum pay of its work force across the board.

They figured they could scrape up the money somewhere so they didn't keep losing business to retailers whose employees didn't act like disinterested zombies.