New Overtime Regulations Will Be Terrible For My Employees

Linda Fullman, Longview News-Journal

As an employer, my success hinges on the success of my employees. Therefore, I have created an environment where many of my employees receive a monthly incentive based on their individual contributions and the profitability of the company. This creates a work environment where, when one succeeds all succeed. We are partners in the company's productivity and everyone is pulling the cart in the same direction.

Unfortunately, the Department of Labor sees this as an attempt on my part to subvert overtime, failing to recognize I am simply rewarding their efficiency and teamwork.

With the salary threshold doubling to $47,476 I am being forced to migrate many employees from salary plus commission to hourly and limit their earning potential as well as flexibility with work schedule. It also limits my ability to provide job enrichment programs and extra training outside of the normal work schedule without significantly impacting my operational costs. This is absolutely counter-productive. If the real objective was to actually increase wages and improve worker environments they have failed to bring appropriate stakeholders to the table to ensure their actions achieve the desired result.

Once again, the federal government is intervening into the relationship between employers and employees. This might sound good to a Washington bureaucrat but it doesn't work in the marketplace. If the goal is to find a way to put more money into the pockets of workers, perhaps the government should consider the concept of cutting wasteful federal spending and reducing taxes. Unfortunately, it is easier to constantly reach into the pocketbooks of businesses and workers rather than make any attempt to thin their bloated federal agencies. The Obama administration's approach, in the end, will hurt employees, diminish workplace productivity and create yet more compliance costs.

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Capitalism: The Engine Of Human Progress

It took six thousand years from the invention of the wheel until we developed the two-wheeled cart. … From the time of Moses to Wyatt Earp we moved from two-wheeled carts to four-wheeled carts — buckboards and stagecoaches. Yet Wyatt Earp, who is an adult when he participates in the gunfight at the OK Corral, sees the movement from four-wheeled carts to the Model T. My grandparents were born before man had ever seen powered flight, yet lived to see a time when you could buy a trip into space. The rapid increase in innovation and the wealth of the masses occurred because the West gradually developed the economic system of market capitalism and a compatible political system.

-- Gary Wolfram,

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ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

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