Obama to order strengthened overtime pay rules

I agree with Kate. It is a very sad state of affairs right now. I hope it gets better soon.

 

I tend to think in bottom lines (and wow, has THAT gotten me into some hot water throughout life!) And the bottom line of this one is that there isn't one person who'd not like to make more money. Higher minimum wage would help *so* many people and I love helping people.

But for some reason, that's where a lot of peoples' line of thinking stops... "YEAH! Bigger paycheck, yahoooo!" while *my* thought process goes on to "now wait a minute here... who's gonna pay for those higher wages forced on small and medium businesses? How can they afford to pay everyone so much more after just having been forced to pay so much more for insurance and already in trouble due to the economy?! Unless Bill Gates is signing your paycheck, this could be a huge issue for smaller and even not so small businesses.

I don't know how these things work... maybe I'm totally wrong and there *are* ways to recoup what the government demands in salary that strains businesses... so my thoughts are just coming from the world I know. (I do know that my thoughts often echo Buffett's though, so it's not *all* out of left field.)

 

Very true. There are almost always plenty of unintended consequences.

 

There are for sure... and sadly we know who ends up paying the price for it. Hint: it's never the big whigs who sit in their offices with a view and yank the strings of the little guy trying to make everyone believe that they know what's best. Gag.

 

Obama is insane, He personally maintains 11 doctors for his day to day health check up...!

 

When is it too much in terms of overtime? Not every salaried worker makes big pay and I think that those people are the ones he is trying to protect.

 

I think that this change is for the better. I think that people that are working so hard and working such long hours and just working so much they should be paid well. I think that they should absolutely get paid more when they hid 40 hours a week at least time and a 1/2 is what I think.

 

Definitely seeming more like a monarchy, the more time goes by.

 

I am not sure how I am just seeing this thread, but wow! I am a salaried individual and I am not eligable for overtime. I work until the job I have been hired to do has been completed.

For the minimum wage employee, I see the benefit of new regulations, but I am more concerned about the burden it will have on the, "tax payer" as a whole.