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The rule would raise the salary threshold below which workers automatically qualify for time-and-a-half overtime wages to $50,440 a year from $23,660, according to an op-ed article by the president in The Huffington Post.
originally posted by: Greathouse
a reply to: onequestion
If you are not in commissioned sales and you accumulate all your hours in the same state . Salaried workers are entitled to overtime and have been for a very long time .
originally posted by: Greathouse
a reply to: onequestion
If you are not in commissioned sales and you accumulate all your hours in the same state . Salaried workers are entitled to overtime and have been for a very long time .
originally posted by: lordcomac
The FLSA exempts broad categories of “white-collar” jobs from minimum wage and overtime requirements if they meet certain tests regarding job duties and responsibilities and are paid a certain minimum salary. These categories of employees are commonly known as “exempt” employees and include executive, administrative, and professional employees
source
In order for an individual to be considered a bona fide professional, the employee’s primary duty must consist of the performance of work (1) requiring knowledge of an advanced type in a field of science or learning
VI. Special Cases
A. Highly Skilled Computer Employees. Highly skilled employees who have achieved a level of proficiency in the theoretical and practical application of a body of highly-specialized knowledge in computer systems analysis, programming, and software engineering are exempt as professionals
There are many, many exceptions to these rules. Above is just the one that guarantees that in my field, there will never be a cent of overtime paid.
originally posted by: Greathouse
a reply to: FyreByrd
Yes I read and comprehend the post. All I did was add additional information that I have experienced personally in my life during business dealings .
And what I stated is a fact . Actually the first time I saw that applied was in the early 80s at a company I work for and I was making less than $24,000 a year. In the 90s we had a business come into town that was underbidding everyone . I found out he had his workers on salary and was screwing them so I told his workers about it. ( -1 competitor ) lol
I speak from hands-on experience when I divulge my information the vast majority of the time .
originally posted by: onequestion
a reply to: xuenchen
But NO one is making any money there's no money being made in the economy.
Oh wait just the super rich are making money.
As president, my top priority is to strengthen the middle class, expand opportunity and grow the economy.