Is Obama's New Overtime Rule Bad for Small Biz?

Date: July 01, 2015

People took to Twitter to weigh in, pointing out that the new guidelines for overtime pay could force businesses to cut jobs and limit opportunities.

The Department of Labor released its new rules for overtime pay this week, raising the threshold for overtime ineligibility for managers from $23,660 to $50,440. Some say this rule is a burden to small business owners, who will see bigger paychecks and may be forced to cut workers. 

“That’s a very big expense for small restaurants and retailers, and the businesses that will be hit hardest are in parts of the country where the cost of living is low,” says Beth Milito, NFIB senior legal counsel. “Employers will be forced to limit hours for their workers and eliminate management positions.” Read more on how this ruling affects small biz in NFIB’s press release

Here’s how some people reacted on Twitter after the ruling: 

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today

© 2001 - 2022 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy