Tuesday, June 30, 2015

One More Absurd Idea

Extending mandatory overtime pay for workers making as much as $ 50,000 is one more ridiculous idea emanating from the Obama White House.  Someone should expose the White House to a lesson in economics.

Does Obama think that companies will not react to mandated overtime hours?  Does Obama think employees will not be adversely affected by increasing costs to employers?  Does he live in a cave?

Workers, in the short run, will find their hours reduced.  In the long run, their per hour pay will be less than it would have been had the mandated overtime never occurred.  There will be more outsourcing and fewer American jobs.

Another blow against the American middle class by the Obama Adminstration.

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