Millions would be eligible for overtime under President’s proposal

Discussion in 'Stock Market Forum' started by admin, Jun 30, 2015.

  1. Rosyrain

    Rosyrain Senior Investor

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    Wow, this pay thing is getting crazy! I am not sure that it would apply to me as I already get paid decent even though I work some unpaid over time. I saw the threshold of more than $23k a year, but maybe I missed the part about the maximum annual salary cap, does anyone know what that is?
     
  2. SilverMill

    SilverMill Active Member

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    President Barack Obama is the master of hiding the crimes he inflicts on the legal Americans of the US. All in the facade of Mr. Nice Guy and blames all the problems on the Republicans. In his regime, king Obama has not pursued true reform in any of the offices he has held. A through and through left-liberal politician who seriously believe that he's got all the answers to human problems.
     
  3. petesede

    petesede Guest

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    If you want everyone to have a high salary despite their contribution to the company that employees them, well then.. welcome to Greece. There is no solution to this and there never will be. If you significantly raise wages, you are going to close down business, increase unemployment and at the same time increase inflation so that even though people are making more in an absolute sense, they are only able to buy the same amount of things.

    You will never fix wealth inequality by messing with wages for unskilled labor. They are unskilled, which by definition means they are going to be at the bottom.
     
  4. Thejamal

    Thejamal Guest

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    Fast food jobs are not meant to be able to support families. They just aren't. They're meant as starting jobs as you rise your way in the work-force. Like I said in my last post, my friend who spent 5 years getting her architecture degree should not be making the same as someone working at McDonalds. Its unskilled labor and should be paid accordingly.

    Even then, all raising the wage to $15 is make the price of the food go through the roof, or forces fast food joints to lay people off. I'm not sure why people think that nearly doubling people's salaries will just come out of the profit margin of the business. It won't.
     
  5. GeeCee

    GeeCee Member

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    Somehow I don't think Obama ever saw the first 10 minutes of the movie "Reservoir Dogs." Just saying.
     
  6. ScooterBrandon

    ScooterBrandon Senior Investor

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    Nothing good comes from artificially inflation the price of unskilled labour.
    Just look at manufacturing, you had people making good middle class wages on unskilled jobs.
    Unions got involved and people got greedy, they made it so it wasn't competitive. The jobs moved to markets with cheaper labour.
    The higher you push these wages in the service sector, the more attractive automation is going to be.
     

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