In short, a Marietta College economics professor believes it will be a wash for the economy.
Jacqueline Khorassan said, "It may raise the unemployment rate among blue-collar workers, and it may actually lower the unemployment rate among white-collar workers."
Khorassani believes that's true because companies can get more productivity from white-collar workers, to whom they don't have to pay overtime. On the other hand, it could cost those companies more, because they have to pay existing lower-paid workers more.
The mid-Ohio Valley economy is largely built on lower-wage, or blue-collar workers, but Khorassan doesn't believe it will be adversely affected by the proposed changes.
Khorassan: In the short run, definitely, the white-collar salaried workers will be adversely affected. But in the long run, if there's high demand for them, then they may be able to collect higher salaries.
The nation's labor unions, whose membership largely is made up of hourly workers, plans to fight the proposal. But Khorassani says they've needed to be changed for years, to account for changes in the nation's economy.
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