The Soapbox

Hoos Operator

Joined: 11/11/2005 Posts: 8938
Likes: 15259


WADR, unless you have owned and operated a small business, you do not know


the impact of regulations on them better than anyone else on this board. There is no substitute for first-hand experience. Once you have placed your personal net worth at risk, met payroll on an ongoing basis, competed and survived in a marketplace, attracted and retained good employees while keeping pace with industry innovations, then you will begin to understand the impact additional regulatory requirements have on a small business.

The proposed Overtime Rule represented a daunting threat to many small businesses struggling to survive with their existing overhead structure. Many small business owners were reluctant to hire additional personnel until this issue was resolved. They simply could not afford the increase in overall labor cost.

This does not make them bad actors or immoral but rather labor-intensive companies competing in tight margin industries in the real world.


[Post edited by Hoos Operator at 05/03/2019 1:31PM]

(In response to this post by WahooRQ)

Posted: 05/03/2019 at 1:02PM



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