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The Boomerang Effect’s Key to Eroding The Middle Class

by • March 25, 2014 • Top StoryComments Off585

The President’s overtime pay rules seem like a great thing for the working class, but the best laid plans of mice and men often go awry.  There is an unsung casualty of these new rules, low level managers.  The Prez’s rule change expands overtime rules to those in management positions making up to $50k a year thus all but forcing employers to cease incentive programs aimed at incentivizing said managers, and replacing it with productivity sapping overtime.  What goes around, comes around.

Links

-> Obama’s Overtime-Pay Boomerang

-> 10 Things You Need To Know Before The Opening Bell

-> NYT Reporter: Obama Administration ‘the Greatest Enemy of Press Freedom’ in a Generation

-> A Silver Lining in the Situation in Ukraine

-> ‘Go Cloud!’ Box Files For $250 Million IPO, Warns Not To Expect Profits

-> Wal-Mart Just Revealed How Poor Its Customers Are

-> Be Honest: Would You Invest in Tech Over Talent? 

Photo: Gilmoth via Flickr

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