INDIANAPOLIS (WISH) – President Obama told the Labor Department to come up with new overtime rules that would make more workers eligible for time and a half pay for their extra hours of work.
The rules are aimed at salaried workers who make more than $455 a week and are ineligible for overtime because they hold a manager or supervisor position.
Ty Spatta started his own painting business 20 years ago. He enjoys being a small business owner, but gets frustrated when he hears the government wants to step in and make businesses pay employees more.
“Obviously it affects my pricing to my customers. I have to pass that on because I have budgets I need to meet, I have to pay my bills,” said Spatta.
“My first reaction was seriously? What’s next?” said Barbara Quandt, who heads up the National Federation of Independent Business in Indiana. “Anything you do to increase the cost of doing business is going to put a damper on job creation. Something has to give and it’s going to be jobs, or the business itself.
Not everyone agrees. For some, President Obama’s plan is right on the mark.
“I think you should get paid for what you work, and I think it is one of the great things Obama has come up with. I totally agree with it,” said Troy Brown of Bloomington.
“I think it would be a great idea, it would definitely boost the economy. The only issue I see is can these companies afford to give more?” said Dave Wilkerson of Bloomington.
Small business owner Steve Swafford says they can’t.
“I don’t think they should be telling small business how to run their business. They can’t run their government themselves,” said small business owner Steve Swafford.
Experts at the Labor Department will begin working on coming up with the new overtime rule. Their proposal is expected to be announced this fall.