Non OT Ballers, get your overtime or a pay raise

Republican lawmakers, who are close to many of the industries that oppose the new rule, have vowed to block it during a mandated congressional review period.

As a salaried employee I hope they are successful in blocking this.

What is your reason for wanting this defeated? I mean, I get it if you are the owner or a high executive, since this may affect your bottom line, but I can't see other negatives to this.

Low information voter alert

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What is your reason for wanting this defeated? I mean, I get it if you are the owner or a high executive, since this may affect your bottom line, but I can't see other negatives to this.

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Government needs to stay out of private business and let the market adjust itself. If you make $25,000 salary and work 70hrs a week, find another job. Then that employer will have to replace you. Either someone will work for that wage or the company will have to change the pay or hours to get someone to take the job. Simple really.

But Thanks Obama has to get in their business and screw it all up. Hurts the employees and the consumer in the long run.

Damn democrats are going to put fast food as we know it out of business.

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Government needs to stay out of private business and let the market adjust itself.

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Yep, and that isn't just a recipe for 8-year-olds working in sweat shops either.

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Under the new regulation to be issued by the Labor Department on Wednesday, most salaried workers earning up to $47,476 a year must receive time-and-a-half overtime pay when they work more than 40 hours during a week.

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Non big 4 Public Accounting firms are fricked

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the poors not realizing it will hurt them in the long term

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not sure there is actually any evidence to prove that statement. my guess is there isn't

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Obamacare required employers to provide healthcare to employees that worked 30+ hours. That led to tons of businesses capping worker hours at 29.

This could force companies to hire more people, but they're not going to want to spend more money. This is an extreme case (for simplicity), but I could see something like this happening regularly:

Before regulation:
Worker A put in 50 hours a week.
Worker B put in 50 hours a week.
and that took care of all the companies needs.

After regulation:
Worker A puts in 33 hours a week.
Worker B puts in 33 hours a week.
New worker C puts in 33 hours a week.

Workers A and B now make less money. It may be worth it for the 17 hour cut in hours, but again, this was an extreme case. Would cutting your hours down from ~43/week to 35 be worth a 12.5% cut in pay?

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Under the new regulation to be issued by the Labor Department on Wednesday, most salaried workers earning up to $47,476 a year must receive time-and-a-half overtime pay when they work more than 40 hours during a week. The previous cutoff for overtime pay, set in 2004, was $23,660.

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ok so those people who are affected will be moved off salary then. While you think this will benefit you in the long term, lots of salary jobs are to help the employee manage his/her money better throughout the year with slack weeks getting paid as much as busy weeks. People clamor that they work all these hours but they never say when they haven't had shite to do for three days and haven't done anything, now they will just be sent home with no work days.