Why do Managers Exist?
Earlier this year, a paper published by the NBER gained national attention. In essence, it revealed that many companies were classifying their minimum wage workers as managers, despite lacking any managerial responsibilities. This classification allowed companies to avoid paying overtime. Notable companies like Panera, Verizon, JPMorgan, Publix, Walmart, Facebook, Staples, Lowe's, McDonald's, KFC, and Pizza Hut were all implicated in this practice at some point.