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Your Pay Is About To Go Up (gawker.com)
The Department of Labor's overtime rule is expected to be updated some time later this summer, and when it does, you will soon be entitled to overtime pay if you make less than $50,000 per year. According to Gawker, "It now appears that even if you are a salaried employee or some sort of 'manager,' you will still be entitled to time-and-a-half pay for working more than 40 hours per week, as long as your total salary falls under the threshold." How did they come to this conclusion? Gawker points out that the Department of Labor promotes a Wall Street Journal story which says that "The threshold would be increased to $970, or $50,440 annually. That level is about the 40th percentile of weekly earnings for salaried workers." Hamilton Nolan writes, "This rule has been a matter of political contention for years. But now that it is actually approaching, its import is becoming clear: overtime pay, which has long been isolated to a minority of workers, is about to be extended to almost the entire middle class."
I work as a postdoc and get paid well under $50k. It sucks, especially with student loans.
Probably depends what you do, specifically, in addition to who you work for. I literally got laid off of a job that paid about $48k a year, and right afterwards got hired at a new job that pays closer to $78k a year. I'll be doing basically the same work at the new job. Before that even, I had a desktop support job that paid $40k a year.
Get ready for things to get more expensive. You didn't actually think companies were going to give that money away freely, did you? People will lose jobs, too, because businesses won't be able to afford this.
Because, you know, without any sort of employment regulation we always get the best of all possible worlds with absolutely the best economy and wages that there is possible to be. Because right wing ideology says so!
It's the same reasons economists agree that minimum wage hurts the economy.
Economists "agree" on no such thing.
Second class citizen of the New Gilded Age
Isn't everyone here a tech worker? Does anyone here actually make under 50k?
And not everyone here lives in the US, you insensitive clod.
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You do exactly what the handbook says.
You show up on time, do your job as best you can, and try to get done in 40 hours. If it's not going to happen, tell your manager that the choice is overtime or failure. Either way, it's his call.
I've had managers choose failure. I've had managers tell me that I should consider all overtime approved until certain deadlines are hit. I've never had a (long-lasting) manager tell me to break corporate policy, and most prefer to know early what the outcome of the week will be, rather than be surprised on Monday when schedules slip.
You do not have a moral or legal right to do absolutely anything you want.
Prime: On any large Federal contract, there's usually a team of companies. The one leading the effort, and submitting the formal proposal, etc, is the Prime Contractor.
Everyone else is a Sub, i.e. a Sub-contractor. Subs are usually a mix of big integrators (Lockheed, Boeing, Northrop, IBM, Dell, etc) and smaller companies, with set-asides for "Small, Disadvantaged Businesses", also known as "*8A's".
Typically, 8A's are, at least on paper, owned by a woman or a minority, or both. In quite a few cases, that ownership is a paper one. I've seen larger companies spin-off several 8As to get in on a contract. It's technically legal, and almost impossible to fight, but it really is kind of gaming the system against actual 8As.
I've worked for Primes, Subs, and 8A subs. . . .