Posted by Tina
The President has recently backed the idea floated by union groups to raise the minimum wage. Yesterday he announced plans suggesting that salaried employees should be paid overtime:
WASHINGTON — President Barack Obama’s move to make more workers eligible for time-and-a-half overtime pay is being hailed by Democrats who see it as a potent midterm election issue and condemned by Republicans and business leaders as presidential overreach. Supporters say it will help the still fragile economy, critics say it will damage it further. …
…The order was the latest in a series of executive actions Obama has taken in an end run around congressional Republicans, who have blocked many of his proposals. With Congress blocking his attempt to raise the federal minimum wage from $7.25 to $10.10 an hour, he used his executive powers to raise it to that level for government contractors.
Thursday’s presidential memorandum is aimed at workers who make more than the federal minimum but are ineligible for overtime pay under present law because they are designated as management, even when they have little or no supervisory responsibilities.
“If you’re making $23,000, typically you’re not high in management,” Obama said in unveiling the initiative.
The President hasn’t yet revealed the details of the executive order. One way or the other it’s a bad idea.
Government has no business creating a one size fits all dictat when it comes to how or how much an employer pays his people. Businesses are like people in that no two are exactly alike. In most cases employees with some supervisory duties gladly accept a slightly higher salaried wage, giving up overtime, knowing that he will consistently take home more and will from time to time be asked to work extra hours to get a job done. This is an agreement that works well for both employee and employer. His slightly higher regular salary more than compensates for the few times he’s asked to work a few more hours and the bosses payroll is simplified.