Firms often are oblivious to the law when it applies to them. And that’s not surprising given its intricacies, especially laws such as the Fair Labor Standards Act (FLSA), which determines who gets overtime and who doesn’t.
On March 25, the U.S. Department of Labor issued new regulations minimizing the first category and maximizing the second. While these still are just proposals, their adoption is a done deal since the Bush administration and businesses support them and the Labor Department can issue the regs as it sees fit. Let’s hope that when they’re adopted, we will end up with PowerPoint simplicity, instead of the current Rubik’s Cube complexity. What does this mean for firms?
