To read an op-ed I wrote on this topic, please click on this link: http://tinyurl.com/zkjg8d5
Earlier this week, Forbes published an op-ed I wrote regarding the Labor Department’s issuance of its new overtime rule which will require employers to pay overtime to salaried managers who earn less than $47,500 per year (double the previous threshold of $23,660). In my op-ed, I explain how the new rule will force employers “to offset increased labor expense by cutting cots elsewhere,” resulting in “reduced opportunities, bonuses, benefits, perks and promotions” for the very employees this rule was intended to help. The op-ed is entitled: The Harsh Reality Of Regulating Overtime Pay.