less money for employees, more money for mgmt, owners, investors. aka, the 40-year war on employees
The 1% LOVES the current, unending ty labor market because there's no upward pressure on employee compensation, and they are pushing hard for expanding H1b visas so they can bring in cheap Indian, etc educated, certified employees.
When Repugs had control, they disqualified 100Ks of employees from overtime by upgrading them to supervisors.
Repugs block ALL attempts to raise the minimum wage, while some of the ugliest, most sociopathic Repugs want to abolish it completely, along with abolishing child labor laws.
We'll see if Obama does this to help employees:
How Obama could help 6.1 million workers with a stroke of his pen
there’s a simple cutoff — regardless of what you do for a living and what your exact responsibilities are, if you’re a salaried employee making less than $455 per week (or $23,660 for someone who works year-round), then you’re automatically covered.
The problem is that this cutoff isn’t tied to the cost of living, and since 1975 it has only been increased once. That was in 2004, when a person making just $5.15 per hour could be considered a manager or skilled professional.
(And, as economists Ross Eisenbrey and Jared Bernstein pointed out in a paper released by the Economic Policy Ins ute (EPI) in March, that one adjustment,
under George W. Bush, included other changes that “led to more confusion and ambiguity, and, even worse, to the unjustified exemption of salaried workers who, under the spirit of the law, should be covered.”) As always, thanks, Repugs!
If the $455 cutoff had kept pace with inflation since 1975, it would now be $984 per week — more than twice what it is today.
http://www.rawstory.com/rs/2014/08/2...ke-of-his-pen/