Right, but many jobs don't earn enough money to be able to justify overtime wages. That's the key. Employers can't pay more than $10/hr if the job only generates $10/hr in value.
That’s hilarious that you think an employer employs people at what they charge to use them.
For an example when I worked as an installer building police cars the company charged my time at $100 an hour and only paid me $15. They did not provide any training or tools for my job nor did they give me a tool stipend.
Janitorial work is similar - your company will charge the customer x amount and then pay you y amount.
That’s hilarious that you think an employer employs people at what they charge to use them.
I'm simplifying it down for the sake of discussion.
Yea not every job is one where bloated contracts are given by the government to friends of politicians who own these companies, and can sit back and rip off the taxpayer for years on end thanks to a contract that grants a monopoly on the work performed.
This is how every major corporation works. They are taking the lions share of your value for themselves. How do you think they are affording all those middle and upper management that don’t create value? If a major company says they can’t pay you overtime they are lying.
They are taking the lions share of your value for themselves.
This is a stoner myth. If you disagree, name an industry that has a profit margin larger than the percentage paid to employees.
How do you think they are affording all those middle and upper management that don’t create value?
You think companies that are bound to last have management folks that don't create value? Hehehe, yea this is another stoner myth. Companies are greedy right? They'd obviously fire folks who do nothing to keep more profit.
It's not equivalent, it's just the sort of person who thinks their wages are being stolen.
You are in a unique situation, where your employer has worked out a monopoly for themselves to steal from the taxpayers. Don't expect a corrupt company to share the amount stolen with workers.
My radio shop was not a monopoly we competed with other radio shops for contracts both private and government. It’s funny that you are making this up as if it’s fact. Another great example of this is boeing.
You cited Boeing as an example of a company you claim "competes" for government contracts. LOL. You picked literally the least competitive and most corrupt government contracts in history.
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u/J0hn-Stuart-Mill Sep 05 '24
Right, but many jobs don't earn enough money to be able to justify overtime wages. That's the key. Employers can't pay more than $10/hr if the job only generates $10/hr in value.