{"id":20399,"date":"2014-03-25T14:00:06","date_gmt":"2014-03-25T18:00:06","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=20399"},"modified":"2014-03-25T14:00:06","modified_gmt":"2014-03-25T18:00:06","slug":"obama%e2%80%99s-new-overtime-rules-will-shrink-hours-pay","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/20399\/obama%e2%80%99s-new-overtime-rules-will-shrink-hours-pay\/","title":{"rendered":"Obama\u2019s New Overtime Rules Will Shrink Hours, Pay"},"content":{"rendered":"

The road to underemployment is paved with (so-called) good intentions.<\/p>\n

In case you missed it, the Obama Labor Department is trying to raise the compensation threshold so that managers making at least $50,000 annually will qualify for overtime pay. The current threshold is $24,000.<\/p>\n

To the liberal mind this policy change can only benefit workers by putting more money into their pockets. But to actual business owners like Andy Puzder, the real world consequences will mean less money and<\/em> less work for the very people the Obama administration is trying to help.<\/p>\n

Writing in the Wall Street Journal<\/a>, Puzder \u2013 the CEO of several quick service restaurant chains like Carl\u2019s Jr. and Hardee\u2019s \u2013 notes that current managers are eligible for performance bonuses of up to 28 percent of their salary. But if the new overtime rules go into effect, many of these will lose their managerial status and go back to hourly employment. Along with being demoted, they will very likely be assigned less hours to work to avoid triggering more expensive overtime pay. And for those that do qualify, their raise will translate into less money for the store\u2019s operating budget, meaning less hours for someone else.<\/p>\n

In a very tangible way, the Obama Labor Department\u2019s new overtime rule seems destined to exacerbate the underemployment crisis in the American economy. How is is that the people proposing this can be so short-sighted?<\/p>\n","protected":false},"excerpt":{"rendered":"

The road to underemployment is paved with (so-called) good intentions. In case you missed it, the Obama Labor Department is trying to raise the compensation threshold so that managers making at least $50,000 annually will qualify for overtime pay. The current threshold is $24,000. To the liberal mind this policy change can only benefit workers […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2132,27,1186,24,4476],"class_list":["post-20399","post","type-post","status-publish","format-standard","hentry","category-posts","tag-employment","tag-jobs","tag-labor","tag-obama","tag-overtime"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=20399"}],"version-history":[{"count":8,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20399\/revisions"}],"predecessor-version":[{"id":20407,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20399\/revisions\/20407"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=20399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=20399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=20399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}