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There's 2 ways to look at OT (and take it from someone who knows)
1 way is from the companies point of view - working 4 guys 10 hours (8 straight @ 2 at time & a half) is CHEAPER than working 5 guys 8 hours (no OT) - this is due to benefits & insurance & other costs that are not really taken into account when you look at salaries or wages
The other way is that, based on the scenario above, you'd have to hire a few more people to do what the others were doing on OT, which means more jobs & less unemployment.
OT is great because of the extra money, but it sucks because of the longer days & lack of time with the family.
Personally, I think the "real" would should be more like our little porn world - everything based on comission - the harder you work, the more you make. I've worked with & got paid the same amount as some really moronic slugs in my time - LOL
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