Quote:
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Originally Posted by sushiboy
I am a small business owner, and yes I am penny pincher. I don't pay overtime, although by law, I should be. If an employee asks me for overtime, i say no. And if they don't like it, I can find someone who will.
It is unfair, but thats life.
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/rant
It's more then unfair, its illegal.
Overtime laws were put in place not so much to give employees mroe money, but to keep employers from forcing employees to work 60 and 80 hour work weeks. Back in the wonderful times of the Industrial Revolution, a 12 hour work day was standard, 6 days a week. The point to create a relativly civilized society where people don't have to work every waking hour to earn enough to eat. Because, as the poster above notes, if the laws of the market are allowed to run unfettered, the little guys will keep under bidding eachother until they all live in a pig sty.
/end rant
That said, I'll repeat what has been said before. Your employer hired you to work 40 hours a week, hes not obliged to pay you if you choose to work more then that. I think they're being really nice, if I were them I'd flat out tell you not to work more then 40 a week or leave. It would be a totally different story if you were being forced to work more then 40 a week and then not paid.