Larry has worked for an auto parts distributor for years and has finally made the hard-earned and well-deserved jump from an hourly wage to a guaranteed salary, with all of the associated benefits. Not only that, but the government’s new overtime rule means that he’ll get paid overtime, too. Sweet, right? Not so much, as it turns out.
In the following video on business and economics, Larry finds out the hard way that government regulations, like the new overtime rule, force employers to make tough decisions about how much they can afford to pay their employees. Watch to see what happens to Larry when the government tries to “help” him.