Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Small business owners aren't entitled to a profit just because they own a small business. They aren't entitled to cheap labor just because they own a business, either.
People aren't entitled to a high wage just for existing. Heck they aren't even entitled to a job just for existing. Also business owners aren't entitled to keep the doors open if they aren't making a profit. They can close them anytime they please.
The whole point of taking a pain in the neck management job is because you get a raise that makes it worth it. If they offer lousy pay for this job- "not much more than the people they supervise",- then take one of the hourly jobs instead. Then they would have to offer better salary because no one would take the job.
Small business owners aren't entitled to a profit just because they own a small business. They aren't entitled to cheap labor just because they own a business, either.
That is why a business can show a LOSS, way easier than showing a PROFIT.
Without the risk, there are no rewards. What risk did an employee take? The risk of job security?
The business owner looks for a job everyday, and in some cases are depending on every minute, for a new customer.
The business owner knows his/her bottom line. Nothing a clueless employee could even fathom.
If they make less than $47,500/yr…… was $23,660/yr
Under the new rules, the annual salary threshold at which companies can deny overtime pay will be doubled from $23,660 to nearly $47,500.
That means a fast-food manager making $14 an hour – or roughly $30,000 a year – would now be eligible for overtime for those extra hours.
some companies may instead choose to reduce their employees' hours to avoid paying the extra wages……"Either way, the worker wins,"
will take effect Dec. 1
Interesting.... so If I'm in middle management and making $45k/yr and working 70 hours/wk....
my company has 2 options:
1- Pay me for 30 hours of overtime each week
or
2- reduce my hours to a civilized 40 hour work week
Well, you might be cut down to 39 hours a week and then demoted to a part-time position. And with that goes losing health insurance and other benefits.
Well, you might be cut down to 39 hours a week and then demoted to a part-time position. And with that goes losing health insurance and other benefits.
Retail Mgt. positions are hard to fill. This will make the job better then one of the employees they supervise.
I'm sure businesses will find workarounds for this new law. But in the meantime, plenty of people will gain instant benefit, either larger paychecks or less hours worked. Why would a salaried employed have problems with that? You think they're supposed to worry about the financial loss of "Pepsico Corporation"?, get real. We do what's in the best interest for ourselves, a concept the libertarians should be well familiar with. Business is an ongoing chess game of workers vs the employer. This was a move in favor of the worker's side.
so disband the armed forces, the NSA, the police, fire departments, the federal reserve bank, open up the borders to everyone in the world, shut down all the airports, stop paving roads ?
Or are you just arbitrarily saying "more government" is only a bad thing when it goes against the interests of employers?
there you go again, unable to differentiate degrees of an issue. I guess you would be deemed an extremist as there are only two extreme choices in your view, with no possible position in between, no compromise, no moderation, no contact with reality.....
That is a strict union rules mentality where not just anyone can change a burned out 40 watt light bulb.....you need to call an IBEW union member as no one else is theoretically capable.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
