Calling your retail clerk an 'assistant store manager' has a surprisingly big payoff, new research finds.
These lawsuits focus on a quirk in U.S. wage laws. Generally, companies are required to pay workers one-and-a-half times their hourly rate anytime they work more than 40 hours in a week. But there's an exemption for salaried managers, who receive the same amount of pay each week, as long as they earn above a certain minimum amount. During the time period analyzed by the authors, that cutoff to qualify for OT was $455 a week — equivalent to an annual salary of $23,660.
"There is a systematic, robust and sharp increase in firms' use of managerial titles around the federal regulatory threshold that allows them to avoid paying for overtime," the paper concluded.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
For the Sixers, NBA trade deadline could be more about shedding salary than adding talentThe Sixers believe they have enough talent to compete with any team in the league, but that doesn't mean they won't attempt to improve at the margins.
Read more »
Why Tom Brady will still count against the Bucs' salary cap even after his retirementTom Brady's retirement could significantly impact the Buccaneers' salary cap for the next two seasons.
Read more »
'My grandmother turned $200 into a family legacy'Cedric Nash shares how his grandmother was able to create generational wealth on a meager salary.
Read more »
Will Cuylle rejoining Rangers only complicates salary cap for trade deadlineThe Rangers are back from the eight-day All-Star break and back to carrying the maximum 23 players on their roster.
Read more »
Michelle Branch, Patrick Carney attend Grammys together after calling off divorceThe outing comes just five months after the pair, who wed in 2019, called off their divorce amid accusations of infidelity and domestic violence.
Read more »