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What would happen if we required 3x pay for overtime?

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 08:18 AM
Original message
What would happen if we required 3x pay for overtime?
Wouldn't that increase employment?

Why are there no ideas to incentivize hiring and penalize stress on the current work force?
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badtoworse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 08:28 AM
Response to Original message
1. Productivity would drop and prices would rise
I doubt it would move the needle much in the hiring department.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 08:36 AM
Response to Reply #1
2. The work still needs to be done.
Right now it's more cost efficient to make workers do overtime to safe on benefit costs of hiring another worker. Why wouldn't that equation change if the cost of overtime went up?
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The Straight Story Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 08:37 AM
Response to Reply #2
3. REAL health care reform and benefit costs would dop, hiring would go up
but our elected leaders caved on that too.
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gkhouston Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 08:40 AM
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4. No, it would increase the number of people currently categorized as "exempt". n/t
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SidDithers Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 08:42 AM
Response to Original message
5. There would be an increase in temporary workers....nt
Sid
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 08:43 AM
Response to Original message
6. You would be laid off and your boss would have no trouble finding someone to work for half
of what he paid you:(
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