Companies save billions of dollars by giving employees fake “manager” titles

201–202 of 202 posts

Re: Companies save billions of dollars by giving employees fake “manager” titles

#201

Post by 1-more » Mon, Feb 06, 2023, 4:43 PM UTC

dopylitty wrote: post #44

I’ve said it before but I’ll keep pounding the drum that the FLSA needs to be completely rewritten. Any work more than 8 hours in a day should result in overtime pay regardless of type of work or base salary. It’s ridiculous that companies can force people to work 24/7 with no extra pay just because those people happen to work with computers or in "knowledge" work. And even developers/IT folks are largely not making…

> Any work more than 8 hours in a day should result in overtime pay regardless of type of work or base salary.

When I worked at a government contractor this was part of the deal. Any more than 48 hours a week and you'd get all your time over 40 paid as OT where they converted your salary to an hourly rate.

I got a job at an agency afterwards. I immediately understood why Hollywood production jobs are so serious about their time. You can make your grips work through lunch or dinner, but it's gonna cost you money. I would have loved that deal, but how are you gonna unionize an office like that? It's a lot.

Re: Companies save billions of dollars by giving employees fake “manager” titles

#202

Post by mattmcknight » Tue, Feb 07, 2023, 7:24 PM UTC

MisterBastahrd wrote: post #185

mattmcknight wrote: post #146

Earlier quoted context omitted.

> wages are relatively low source?

If wages matched the increase in housing prices alone, then where I live $260K house in 2019 would cost $295K today, not $387K. Wages also do not reflect the necessary change in borrowing habits for many people. Prices have gotten so high that people are being forced to borrow money that they wouldn't have needed to in the past, usually at insanely usurious rates. People are being bled dry by unsustainably high inter…

>> wages are relatively low

>source?

>> If wages matched the increase in housing prices alone

Ah. I thought you meant wages were low relative to other countries, when they are actually among the highest.

This is sort of the nature of inflation though, prices increasing faster than wages- but there is a feedback loop, as increasing wages increases prices.

> People are being bled dry by unsustainably high interest rates

Asset price inflation is probably more driven by low interest rates. Higher rates should bring down asset prices, ceteris paribus.

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