RVIA Economic Impact Study

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 .

Dicor and Other Indiana Companies Prepare for New Overtime Law

Tue Nov 15, 2016

At Dicor Corp., in Elkhart, Indiana, a 130-employee company that makes parts for recreational vehicles, six employees with salaries in the low- to high-$30,000 range will be switched to hourly because of the new overtime rule, Dicor President Gregg Fore says, according to a story by the South Bend Tribune.

Fore would have preferred to avoid making the change so those employees could retain salaried status, but it was done to avoid a surge in costs.

The move at the Elkhart RV supplier is just one example of how employers are scrambling to avoid a sharp spike in labor costs and still comply with the rule, which will raise the annual salary threshold for overtime to $47,476 from $23,660.

In other words, workers making less than $47,476 will automatically be eligible for overtime when they work more than 40 hours in a week.

Many business owners have procrastinated and still haven’t cemented plans to comply with the rule, which is intended to offset the impact of inflation on the old limit — set in 2008 — and ensure middle-class salaried workers are fairly compensated and not exploited by being overworked.

Additional Information: http://www.southbendtribune.com/news/business/employers-in-michiana-rush-to-meet-deadline-for-new-overtime/article_16ba9056-a989-11e6-92dc-43b1a3512ee1.html