The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Thu Sep 22, 2016
Two lawsuits have been filed against the Department of Labor’s overtime rule, one by attorneys general in 21 states and the other by business groups led by the U.S. Chamber of Commerce, according to a press release from the Recreational Vehicle Dealers Association.
The overtime rule will increase the salary threshold that generally determines who qualifies for overtime pay, raising it to $47,476 a year from $23,660. It also will ensure the threshold is updated every three years by indexing it to salary growth in the lowest income region of the country.
The rule will have a broad effect on employers, workers and nonprofits. The lawsuits against the rule say implementation will drive up employer costs, lead to cuts in workers’ hours, slow hiring of full-time staff, and turn salaried workers into hourly employees. The lawsuit filed by the states contends that the mechanism in the rule automatically increases the overtime threshold was finalized without going through a rule-making process required by law.
A large cross-section of business and nonprofit groups, including RVDA, pushed for changes to the rule and urged that certain exemptions for commissioned workers be retained. RVDA will be analyzing the impact of these lawsuits and providing more information to members as details become available.