Time Is Money…

2016-12-11_08-43-41.png“Time is money” is a well known phrase in the world today. If we expend time on behalf of our employer we expect to be paid for it.  That seems to be a very American thing, my time is worth money is perhaps a bedrock of our capitalist society.

Another tradition is overtime pay.  That says that I will give you a certain number of hours a week of my time but if you intrude into my private life portion you must pay more for it.

One of the things the Obama administration did is to make sure that employers are paying people for the number of hours they work. In the past it was common to give an employee a fancy title and then call him/her manager and exempt from overtime pay. Fancy job titles seem to be so prevalent now days its hard to really tell what someone does via their job titles. But I am getting off point here. Getting back to the original thought. President Obama put out an executive order that said that anyone making less than $47,476 per year was entitled to overtime pay.

So what was the reaction by many employers who demand many extra hours from their workers. I think it is kind of like what my small town government did to our highway superintendent position (remember my job title words above) :

The council increased the vacant highway superintendent position salary from $42,573 to $47,481, just five dollars above the new threshold that will no longer materialize today.

As the quote above from my small town newspaper mentioned. The executive order was halted by a Texas judge ( yeah Texas has a reputation for that) so I guess they went back to the old pay scale.  Now that the self-proclaimed billionaire will occupy the Oval Office soon I’m sure this order  and many other like it will be quickly vacated.  I imagine that the next four years will be all about getting the 1% an even bigger piece of the already majority portion the the wealth pie.  But since no one, and I mean no one, really knows what is going to happen I hope I am pleasantly surprised by a different result.

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