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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Department of Labor Changes Interpretation of Act to Raise Minimum Wages

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

     Department of Labor Changes Interpretation of Act to Raise Minimum Wages Empty Department of Labor Changes Interpretation of Act to Raise Minimum Wages

    Post by Lobo Wed 15 Jun 2016, 2:28 pm

    Department of Labor Changes Interpretation of Act to Raise Minimum Wages

    The U.S. Department of Labor, acting on a directive of President Obama issued back in March 2014, has announced changes in the Fair Labor Standards Act (FLSA). Beginning this fall, the act will basically double the amount of money workers must make to be exempt from federal overtime pay requirements. Essentially, employees with gross salaries under $45,000 who work more than 40 hours a week must be paid overtime.

    Obama could not increase the minimum wage rate through Congress, so he instructed the Labor Department to do it through the backdoor. This will definitely kill jobs and cut hours to ensure employees do not exceed 40 hours. A $15 an hour job for 40 hours comes in at $31,200 annually. By raising the threshold, Obama has more likely than not created an incentive not to hire full-time workers. This is what we get when someone has no idea of how the real world works.
    https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/department-of-labor-changes-interpretation-to-raise-minimum-wages/

      Current date/time is Sun 16 Jun 2024, 7:12 am