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I did not read the whole thing. It was covered pretty good on the radio news. What's the problem? My union guys are given the option of OT or time off. Some of the guys prefer to get an extra day or two off as oppose to money. It is their call.
Part of the problem is that it becomes up to the employer's discretion when you can take that time off. If ever.
realistically all it does is empower business owners that much more over labor in an already extremely business friendly US. the vast majority of hour wage jobs OT is earned these days. so it's not like OT is killing company's because is hardly ever seen these days. owners can simply hire more part-time workers or shift that extra work to salary employers.
I've heard them talk about a lack of OT in the big chains like Wallmart (obviously), Target, cloth retailers and fast food chains. personally when I work in all these places I question as many people as I can about the business practices of the company's. ultimately all of the retailers, fast food chains, etc. in the US are subsidiaries of larger company's so they all have the same business models and are ultimately owned by a dozen or so large firms. and these are the firms that employee the majority of US workers
it's another economic policy that is not supported by any economists, history or is seen in any of the highly functioning economies in the OECD. basically another bad idea that once implemented will be near impossible to reverse as is almost all bad policy passed in the US.
There's a place for OT.....mostly in skilled labor positions...in a retail setting its payroll suicide to use OT..
The consumer see's these giant retailer's and figure they have money piling up to spend as they will...when in reality there is a very fine line between black and red...most large chain retailers are budgeted between 5-7% net income....excessive OT can gobble that up quick...
just a quick google search
$22.6 million Thomas Ryan, CVS Caremark
...
Yup it's the hourly paid workers killing the company.
There's a place for OT.....mostly in skilled labor positions...in a retail setting its payroll suicide to use OT..
The consumer see's these giant retailer's and figure they have money piling up to spend as they will...when in reality there is a very fine line between black and red...most large chain retailers are budgeted between 5-7% net income....excessive OT can gobble that up quick...
.....bump trump opposes raising the minimum pay rate... a real working man's hero... [sarcasm]
.....bump trump opposes raising the minimum pay rate... a real working man's hero... [sarcasm]