Is Overtime Necessary?
Over the past few years, companies have paid out more than $1 billion per year to settle “wage and hour” lawsuits—typically violations of overtime. That’s according to the latest BW cover story, Wage Wars.
I wonder, though, whether the overtime laws make sense in today’s global economy. It seems weird that they apply to some workers but not others.
So here’s my question. Should the overtime laws be extended to white-collar workers, or is it time to drop the overtime laws for nonexempt workers as well?