Quote History Obama overtime pay expansion proposal
The rule from the Labor Department would more than double the threshold at which employers can avoid paying overtime, from the current $455 a week to $970 a week by next year. That would mean salaried employees earning less than $50,440 a year would be assured overtime if they work more than 40 hours per week, up from the current $23,660 a year...
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OK, let's do the math;
Take the guy making $23,660 on salary (equal to $11.38 per hour if they only work 40 hours);
So now you put them on the books at $8.00 per hour for $16,640 per year (slightly more than their subordinate minimum wage slugs are earning), then you have room for $7,020 in overtime.
585 hours @ $12.00 per hour = $7,020.
585 hours split over 52 weeks = 11.25 hours of overtime.
So you can make them work 51.25 hours per week for the same wages that they earn now.
Whenever they take a vacation week they make no overtime so the company saves money.
Same for the guy making $50,440 ($24.25 per hour) on salary;
New rate is $16.00 per hour for $33,280 leaves room for $17,160 in overtime.
715 hours @ $24.00 per hour = $17,160
You can make them work 53.75 hours per week to break even.
Liberals can spend a week trying to figure it out using common core math, but the final numbers won't change.