Obama’s Salary Regulation Cuts off Upward Mobility

Yep.

Scholz predicted employers will restructure, moving salaried people to hourly wages and then strictly enforcing their hours.

“The other thing is: You (as an employer) will lose your middle management,” Scholz said. As former managers’ responsibilities are spread around, “you have weakened the management of your company.”

And if those things happen, Scholz added, “You have taken away a career path,” for those who would have worked their way through lower-paid salary positions to higher ones.