GOP: They don't need no stinkin' overtime
It's been quite some time since I qualified for overtime pay — I've been self-employed for two years, and was an exempt employee for the last few years with my previous company — but I'd be concerned about the new overtime rules were I still punching a clock. CBS MarketWatch published in-depth stories on the new law here and here.
From what I gather, it looks as though supervisors, programmers, and teachers (and I know folks in all of those categories) are among the folks who will suffer the most from this. The facet that would trouble me most is the provision regarding so-called "executive personnel," which basically appears to be anyone with the authority to tell someone else what to do. If you're a manager at Radio Shack — as I was once, in a previous lifetime — making under $30 grand a year, and can't collect overtime, you're shafted.
Of course, the Bush administration will be quick to point out that anyone making over $100,000 now doesn't have to be paid overtime. Thanks for the tip, George, but those aren't the people I'm thinking about. At a hundred large, you shouldn't be worried about where your next rent payment or grocery bill is coming from, unless you're blowing your cash on drugs, booze, and hookers.
From what I gather, it looks as though supervisors, programmers, and teachers (and I know folks in all of those categories) are among the folks who will suffer the most from this. The facet that would trouble me most is the provision regarding so-called "executive personnel," which basically appears to be anyone with the authority to tell someone else what to do. If you're a manager at Radio Shack — as I was once, in a previous lifetime — making under $30 grand a year, and can't collect overtime, you're shafted.
Of course, the Bush administration will be quick to point out that anyone making over $100,000 now doesn't have to be paid overtime. Thanks for the tip, George, but those aren't the people I'm thinking about. At a hundred large, you shouldn't be worried about where your next rent payment or grocery bill is coming from, unless you're blowing your cash on drugs, booze, and hookers.
SwanShadow was randomly pounding the keyboard at 3:08 PM
1 insisted on sticking two cents in:
Re: $100,000.
Isn't that the group that seemed to have gotten the most tax breaks?
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