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What about adjusting employee exempt status for inflation? At present, if you're paid a salary of more than $23,660 per year, your employer isn't required to pa
by clock_tower 11y ago
What about adjusting employee exempt status for inflation? At present, if you're paid a salary of more than $23,660 per year, your employer isn't required to pay overtime; raising this to a sane figure ($70,000?) would create a lot of jobs and improve quality of life for employees; I think there was a discussion of this on HN last year.
- dragonwriter 11y ago> What about adjusting employee exempt status for inflation? At present, if you're paid a salary of more than $23,660 per year, your employer isn't required to pay overtime; That's only true in certain exemptions, such as the computer-related occupation exemption and the executive/administrative/professional exemption. FLSA exemptions have either both a kind-of-work and pay qualification (as for the computer occupations exemption), or just a kind-of-work qualification (as in the motor carrier exemption), none have just a pay qualification. > raising this to a sane figure ($70,000?) would create a lot of jobs and improve quality of life for employees Alternatively, it would eliminate a lot of the jobs in the covered areas that are currently paid less than the new threshold. (I tend to think it would be a net win overall, but it wouldn't be one sided in its effects.)
- clock_tower 11y agoI hadn't known about the kind-of-work exemption -- although some things I've read pointed out the "executive" issue relating to classifications of managers. As for whether it would eliminate or increase number of jobs of a given type, that depends on how many companies could afford to pay their employees better while still having sustainable business models; I'm not equipped to say how many would.