Pardo====The Cost of Doing Business

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1、THECOSTOFDOINGBUSINESS:MITIGATINGINCREASINGRECESSIONWAGEANDHOURRISKSWHILEPROMOTINGECONOMICRECOVERYChristopherM.Pardo*TABLEOFCONTENTSINTRODUCTION..............................................................................................2THERECENTEXPLOSIONOFWAG

2、EANDHOURLAWSUITS..........................5THEBASICFRAMEWORKOFTHEMINIMUMWAGEANDOVERTIMEEMPLOYEEPROTECTIONPROVISIONSOFTHEFAIRLABORSTANDARDSACT.....................................................................................5THECAUSESOFTHEINCREASEINWAGEANDHOUR

3、LITIGATION...............8THEADDITIONALRISK—STATEWAGEANDHOURLAWSPROVIDINGGREATEREMPLOYEEPROTECTIONSTHANTHEFLSA.........................13METHODSTOREDUCELITIGATIONRISKANDASSUREEMPLOYEESRECEIVELEGALLYMANDATEDWAGES—INORDERTOCONCENTRATEONENABLINGGROWTHANDEXPANDINGBU

4、SINESS...............................................................................................17VARIOUSCIRCUMSTANCESWITHTHEGREATESTPOTENTIALCLASSLIABILITY..............................................................................................17TheMi

5、sclassificationScenario...........................................................17FAILURETOAPPROPRIATELYKEEPTIMEAND/ORCOMPENSATENON-EXEMPTEMPLOYEES.............................................................................19MISCALCULATIONOFOVERTIMERATEOFPAY.

6、.........................................21WHATEMPLOYERSCANDOTOAVOIDTHESEPOTENTIALLYLARGELIABILITIESCAUSEDBY“COLLECTIVE”AND“CLASS”ACTIONLITIGATION,WHICHUNDERMINESEFFORTSTOINCREASEPROFITABILITYAND—ULTIMATELY—ENCOURAGEECONOMICRECOVERYANDTHENEEDFORGREATEREMPLOYMENT

7、....................23CONCLUSION................................................................................................25APPENDIXA.................................................................................................27APPENDIXB...............

8、..................................................................................30*TheauthorgraduatedvaledictorianfromSt.ThomasUniversitySchoolofLawin2007andreceive