Obama's overtime pay expansion could impact small businesses

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by Alex Schuman

WHAS11.com

Posted on March 14, 2014 at 12:05 AM

LOUISVILLE, Ky. (WHAS11) – Bearno’s Pizza sees its extremely busy weeks and then weeks with just a steady crowd.

The salaried managers put in an inconsistent amount of overtime.

The managers at Bearno’s are salaried and the owner says they are paid well about the current max for salaried employees who should get overtime.

Here’s the breakdown:

Right now if you make $455 or less per week as a salaried manager, you legally should get time and a half for every hour over your regular 40 hour work week you put in at your job.

The president’s memo, which is not yet law, wants to raise the amount you can make each week.

President Obama suggested $600 or $640 a week, which are the current standards for New York and California.

"It definitely gives you a second thought.  One of the things you don't want to do as a business owner is you don't like to pay overtime unless you have to,” Colin Pierson said.

The president says his goal is to assure people get paid for their work or cause business owners to create more part-time jobs.

The U.S. Chamber of Commerce is against the idea and worry it could severely damage small businesses.

Bearno’s says a lot depends on the amount.
 

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