Business-beholden members of Congress are falsely boasting that their 2017 tax law has been responsible for less unemployment and slightly higher hourly wages. They praise themselves and President Donald Trump for cutting corporate rates from 35% to 21%, eliminating most taxes on dividends and capital gains, doubling the exemption for inheritance tax, and dropping the … Continue reading Higher wages, more jobs not from Trump pro-business economy; instead credit goes to DOL for overtime exempt rule change
This is my proposed amendment to The Fair Labor Standards Act of 1938 (FLSA; also referred to as the Wages and Hours Bill), a federal statute of the United States: In addition to the payment of overtime wages at 1.5 times the normal rate for workers, who exceed eight hours per day or 40 hours … Continue reading “Undertime” will solve many of our economic woes
The threshold to qualify for overtime pay, now $23,660, is expected to rise to $50,440 a year if new regulations are adopted by the Barack Obama administration. Until now, companies were allowed to call you a manager, pay you $26,000 and require you to work, say, 58 hours a week - no extra pay for … Continue reading Worker earns $12,320 more than “boss”, despite same hours. Let’s end employers’ abuse of “management” exemption.