Bernie Sanders, the Vermont senator, recently proposed new legislation that would change federal overtime rules. The new law, if passed, would require employers to pay a minimum 1.5 hours of overtime for each hour worked past 32 hours in a week. Currently, overtime kicks in at 40 hours per week. The requirement would phase in over a few years.
Sounds great. Who wouldn’t want that? There’s just one problem: somebody has to pay for it. For business owners, this isn’t an ideological argument. It’s math.
