Beware Obama Bearing ‘Gifts’
The adage that there are is no free lunch is no more apparent than when President Obama offers it. In this case the rules that control how overtime will be paid in the future is full of land mines and consequences. I can hear him now: “If you want your overtime, you can keep your overtime.” This will not be true as any economist can tell you. The cost increases to an employer will be compensated for because corporate survival is Rule Number One. Rule two is that corporations do not pay taxes, they are simply passed on to the consumer.