Wednesday, May 18, 2016

More Government Interference Over Private Industry

Though it looks and sounds good on the surface,  new regulations by the Obama administration which will allow salaried employees to be paid overtime,  will only hurt businesses, thus the economy in the long run.

How so?

Businesses will work around them by laying some people off and cutting hours for others in order to make up the financial difference. Just like they did when ObamaCare became law.

Why can't the administration let free enterprise and private markets do their own thing?

Here is a link to a WaPo article which goes into detail about the new regulations:

https://www.washingtonpost.com/news/get-there/wp/2016/05/17/millions-more-workers-would-be-eligible-for-overtime-pay-under-new-federal-rule/?tid=sm_tw

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