The economic theory part escapes me to a degree.

I saw Labor Secy Perez speak about this - boiling it down, the OT measure is about ensuring that "middle class jobs pay a middle class wage". They at least have measures for what a middle class wage is (generally between about 40k and 130k or thereabouts), for whatever that may be worth. But what about the middle class jobs part? Which jobs are middle class? Is a middle class job today guaranteed to be a middle class job tomorrow? Doesn't that depend on the marketplace? Can't help going back to the Verizon example - landline workers may have held middle class jobs as recently as even 10 yrs ago. Technology's changed, and people don't get landlines anymore, so how can landline support jobs continue to be middle class?

So it's actually the theory that concerns me. I'm not sure what the practical impact of this move will be. Some speculate exempt workers will be converted to non-exempt to their detriment. Secy Perez cited one example he claimed to know about where that happened and it was to the workers benefit. Many other predicted consequences, and invariably there will be many nobody foresees.

The whole theoretical emphasis is the troubling part. The world is IMO undergoing a massive transformation, like the Industrial Age, when agriculture gave way to mfg. Now mfg employment is on the wane (worldwide) due to technology, giving way to what some call "knowledge based" jobs. A post industrial age. It's hard to know how people will be employed in the future, but pretty much everyone from Sanders to Trump to the O admin to Clinton (who will have to incorporate the Bern fantasies into her platform) are intent on pushing back against those trends.

But ya can't. You can only be left behind if you're too stubborn about it.
[Post edited by hoolstoptheheels at 05/20/2016 08:27AM]

(In response to this post by 111Balz)

Posted: 05/20/2016 at 08:16AM

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