When he starts saying the Shit Is Going To Hit The Fan because the amount of hours one has to work before an employer has to pay overtime is going to get changed by the Guy With A Pen And A Phone, he is fucking serious.
Read on and see how fucked we are already and then imagine what can be coming down the pike here in a short while if someone starts dicking around with what has been a Don't Go There law that affects every single working person in this country.
Today, the average full time worker works 47 hours a week. And they work those [extra] seven hours mostly for free, because today, less than 10% of salaried workers are entitled to overtime. If you earn more than $23,600 a year—if your employer pitches you a fake title like “assistant manager,” they don’t have to pay you overtime. And as a consequence, all over the country people are working for $27,000 a year and working 70 hours a week doing basically: one person doing the job of one and a half. So as an employer I can get two people to do the work of three, and think about what that does for profits... what I’ve done effectively is not just increase my profits, but I’ve taken a job out of the economy, and in so doing I’ve softened the labor market. And the softer the labor market is, the more leverage I have in my wage negotiations. And as a consequence we have this relatively high persistent unemployment. But if employers have to pay people overtime, they’re not going to want to do that. So now I’m going to have to get three people to do the job where two were doing it before. I add a person to the work force. I reduce the level of unemployment. I increase the level of demand in the economy. And I put upward pressure on wages.
The president has unilateral ability to raise that threshold through a rule through the Labor Department. And within two weeks, the Labor Department will announce what that rule is, what that new threshold is. And I can tell you that the shit is going to hit the fan.
Gawker: What is the new threshold going to be?
NH: I cannot tell you. I’m telling you, the shit’s gonna hit the fan.
Like I said above, BOHICA folks.
In this same interview, they are talking about a tipping point, I do believe this would be classified as a screaming over the edge of the cliff at warp speed moment.
If you look at the numbers being bandied about lately comparing the amount of people working and the number of people who aren't and that includes those who won't, this is going to be the death blow for millions of families.
My question is just who in the fuck do they think is going to keep paying the money needed to fund this gargantuan budget these fuckers keep running up year after year?
It ain't gonna be the poor sonsabitches eating Top Ramen two nights a week and working 65 and 70 hour work weeks for the privilege, that's for damn sure.
This country has lost it's fucking mind and the ones who are supposedly running it for the benefit of all have lost touch with reality completely.
If you thought the little party in Baltimore a few weeks ago was fun, you ain't seen nuthin' yet.
Thanks to Irish, a man among men, for leaving me a link in comments to an article he read a few months back that explains that Advocates actually want the wage threshold raised so that more workers would be eligible for overtime pay.
This of course, brings it's own set of problems.