Re: overtime pay in jeopardy
Overtime? what is that?<br /><br />There are two different types of salaried employees--one is exempt, and the other is non-exempt---it has something to do with the amount of management authority they have.<br /><br />Non exempt employees have lesser management authority, and are required by law to be compensated for overtime--either by comp time, or with time and a half.<br /><br />Exempt employess are paid to do a job, whether it takes 8 hrs a day, or 20,l and are not required to be paid overtime at all.<br /><br />This is all about rules about what constitutes a non-exempt vs an exempt salaried employee. Of course you are going to get different spins on this depending on who you talk to. The AFL of course wants to drum up membership, and will spin it one way--and some management CFO thats looking to save some money will spin it a different way.<br /><br />It all depends on your perspective.<br /><br />Being a free market person, I tend to think that labor is traded as a commodity just like anything else. If there are lots of people out there capable of doing a particular job, the wages and benefits for that job are not likely to be high.<br /><br />If there are only a few who are capable, the wages and benefits are likely to be high. Part of running a company is deciding whether a particular employee is worth what he is being paid. Not sure the government needs to get so involved in this, or whether it will make a huge difference anyway.<br /><br />The problems when companies lower wages and benefits to people is that the best ones tend to find other jobs with higher pay.<br /><br />It is all the way any free market works.<br /><br />There are lots of compelling reasons to complain about Bush, but I'm not sure this is high on the list.
