WASHINGTON — Matthew Shay, president of the National Retail Federation, said that proposed overtime regulations will have a negative effect, in his letter to the editor that appeared in The New York Times.
Shay’s letter was a response to an opinion article “Deciding who gets overtime pay” about the exploitation of salaried versus hourly employees. In his letter, Shay argued that if passed, the regulations would drive up costs and cause more problems for workers and retailers.
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He noted that new rules could lead to a shortage of employees during peak times like Black Friday.
Instead of the positive effects the regulations hope to have, Shay stated they would hinder productivity and promotions, undermining customer service and generating litigation opportunities for lawyers.
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