Filed Under: You Didn't Build That, We Know What's Best@markknoller @VP https://t.co/7qxVO3DrIM
— The 57th State ℅EF™ (@EF517_V2) May 18, 2016
The Obama administration’s new overtime regs that will double the number of salaried employees who must be paid overtime for working in excess of 40 hours per week has gotten Bernie Sanders’ seal of approval. VP Joe Biden is also a proponent of the new regs:
.@VP leading the Administration blitz today trumpeting doubling of employee pay threshold for overtime pay from $23,660/yr to $47,476/yr.
— Mark Knoller (@markknoller) May 18, 2016
In WH letter, @VP says too many employees work 10, 20, 30 extra hours a week and "often don’t get paid a dime more…That’s simply wrong."
— Mark Knoller (@markknoller) May 18, 2016
Biden said companies would have a couple of options:
"Companies will have a choice," writes @VP. "Pay their workers for the extra hours they put in, or cap their hours at 40 hours a week."
— Mark Knoller (@markknoller) May 18, 2016
He left out a lot of other available choices:
@markknoller @VP or, they can reduce their pay and still make them work overtime.
— Rogelio (@Roger247) May 18, 2016
@markknoller @VP Or just downsize.
— Christopher Mahoney (@christophermah3) May 18, 2016
3rd option) Replace entirely with automation https://t.co/kUq49Oc795
— Brian Brantley (@investentropy) May 18, 2016
@ThePowersThatBe @markknoller @VP They'll find employees that can finish their work in 40 hours, or hire 2 part time for less $ no benefits
— Mike Parker (@MJP1313) May 18, 2016
They’re from the Obama administration and they’re here to help you!
@markknoller @VP Excuse me but that's the definition of being a "salaried" employee. This admin. continues to pound the middle class.
— A girl has no name (@gmsgirl) May 18, 2016
