I wanted a raise, instead I got cut

[shesaleo]

Yesterday, the biggest pay cut in American history took effect: The Bush administration's overtime pay cut became official.

Nurses, police lieutenants, chefs, team leaders, working supervisors, assistant managers and financial services workers are just some of the millions of workers who used to earn overtime pay when they worked more than 40

Comments

[cadetstimpy]

unreal. Bush Mafia strikes again.

[laydownsally]

Wow, that's really shitty.

[altcountrystar]

Not that this affects me because I didn't have overtime before and I won't now... but that's a pretty damn partisan article.

First of all, the changes are quite vague to the point that beyond the new floor and ceiling, no one is quite sure how this will affect people. And no one will be sure until the regulations are challenged in court and the courts have to interpret them.

Second, they don't mention the extent that the floor was raised. Previously, anyone making under $8k a year qualified for overtime regardless. Now it's $23k a year. And, a ceiling was imposed at $100k or so. Most likely the people who lose out most are going to be those who are already making good money.

Nor do they mention the other side of the coin about how employers will respond. I remember not being allowed to work extra hours because my employer would be required to pay me overtime. I'm sure I wouldn't be able to work extra hours in my current job if they had to pay me overtime. Which is usually $50 to $100 extra dollars a month I would lose if my

[shesaleo]

Yes, it is definitely a biased article. It was one of the first ones I ran across this morning. However faulty, I work under the assumption that people will do their research the way I do. Meaning, they get a tidbit, and then actually go and look for another 2 or 3 or more pieces on the issue.

It doesn't actually affect me either though, since I don't think the extra 50 bucks is worth staying late, and I make a commission. But it's still interesting to note.

[altcountrystar]

However faulty, I work under the assumption that people will do their research the way I do

You are an optimist. :)