 that would make millions of Americans newly eligible for overtime pay, you know, time and a half. Joining us on the Kogan is live line speaker trainer and executive coach Jason Troy Jason. What's the bottom line with this new law? Well, what's going to happen is that if you have some managerial or supervisor role and you fall between making $23,660 dollars, you know, $40,407,476, you will now be eligible for overtime pay. Okay so how are people reacting? Let's look at it from the business perspective. What about businesses? Well, I haven't talked to one business owner that likes this because the issue is that. They have a finite amount of money to pay people. It's not like they're getting more money. So what's going to happen is they're getting more money so what's going to happen is it's going to cause them to try to find ways around this rule. So in some instances they may rate, they actually may pay people more money to get over the threshold that they're very close. But I think in most instances what's going to happen is that they are either going to tell employees only to work 40 hours a week and find part time help to make up for that or what they're going to do is retake full time workers, make them part time, reduce their pay so they're working the same amount of hours and they get the same amount of money, but they're now will be taken off of for salaried workers. Salaried workers at this point, and I think most of us have been hourly and salary for many people salaried means no overtime. So this completely changes that if you're in this category, the certain money range, correct? Yes, it does. So it doesn't matter what business you're in. It doesn't matter what business you're in is if you're classified like this, and it's they say the range of workers is around 4.2 million. I've seen the numbers be higher than that, but that's kind of what they say about the amount of workers in the US that will be affected by this rule. Jason, I want to kind of go back to something that you were talking about, you know, a fear that this could mean basically demoting workers in order to get around this. Yes, and that's what will happen in many instances because again, they don't have all this money to pay, and I think that's what people need to realize that in the face of this, it looks great, but it would be that way if businesses had an unlimited supply of money to pay people and they were just weren't paying them, but that's just not the case, right? And I think the other issue comes up is that now it's going to hurt flexibility for people because you're going to have to punch the clock because companies are going to have to monitor it, which is also more stress on the HR department. Well, okay, now let's, can we take a look at the other side? What is the good in this? You know, of course, besides people making more money, is there a good side to this? I don't really see that there is a good side. I mean, I guess if you're near the threshold and someone gives you a couple thousand dollar raise as a person, you can look at it as yes, but for the US economy, for US small businesses, and actually for consumers, it's not good because again, if the businesses do have to pay more money to hire for the workers that they have, they're not going to eat those costs. They're going to pass that along and raise the prices of their business and what they're selling. Well, and that's, I mean, does that just make it another way that a lot of people are saying the middle class is just getting clobbered here? Yeah, exactly. It's kind of like prolific on a pig. It's full of pig. Well, it's like this and I think it's the same similar thing that we saw in Obamacare, right? I think people are going to have a lot of power people work with, and it's going to be causing small businesses to incur a significant overhead expense on trying to monitor all this and figure out what to do. All right, Jason Troy, who is a speaker, trainer and executive coach. Coco News time seven forty six.