Re: Minimum Hourly Wage for Computer Professionals?

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#475

From: Jeffrey Siegal
Date: Wed, 27 Nov 2002 00:41

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Bhoot Nath wrote:

> From http://www.caltax.com/News/NewsDetail.cfm?DocID=340
>
>    "On January 1, 2003, the new hourly minimum rates that employers
>     must pay to certain computer professionals if they are to be
>     exempt from overtime will increase 2.2 percent, from $42.64 to $43.58.
>     The rate is adjusted annually by the California Department of
>     Industrial Relations (DIR) to reflect changes in the California
>     Consumer Price Index."
>
> Almost all computer jobs in Silicon Valley are classified as "exempt"
> (i.e., no overtime). Does this mean that the minimum yearly salary should
> be $43.58/hour * 40 hours/week * 52 weeks/year = 90K? Many, many exempt
> computer people are paid less than $90K.
>
> So, what's the real story? Anyone care to elucidate? Thanks.

My recollection is that the "multiple of minimum wage" test is a 
criterion that is used to determine expect status for a certain 
classification of worker.  (Take not of the phrase "certain computer 
professionals" above.)  I don't remember the details of the 
classification.  Other workers can be exempt for other reasons.

In reality, I suspect that many Silicon Valley workers are incorrectly 
classified as exempt.

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From: Jeffrey Siegal <jbs@quiotix.com>
Newsgroups: sbay.general,ba.general,ba.internet,misc.taxes
Subject: Re: Minimum Hourly Wage for Computer Professionals?
Date: Tue, 26 Nov 2002 16:41:43 -0800
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