Obama to make 5 million more americans eligible for overtime pay
The Obama administration has announced new rules that will boost the salary threshold for time-and-a-half overtime pay from the current $23,660 to $50,440.
Any worker who makes as much or below the new total will automatically qualify, according to US Department of Labor guidance.
“Right now, too many Americans are working long days for less pay than they deserve,” President Barack Obama wrote in a Huffington Post op-ed announcing the change.
The regulatory change restores the overtime salary threshold to approximately where it was in 1975, based on inflation adjustments.
US Labor Secretary Thomas Perez said that the rule change will result in a collective $1.2 billion in extra compensation for workers who are newly eligible for overtime pay.
more: http://rt.com/usa/270784-obama-revises-overtime-rules/
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Obama for Prime Minister of Canada.. :lol:
The Obama administration has announced new rules that will boost the salary threshold for time-and-a-half overtime pay from the current $23,660 to $50,440.
Any worker who makes as much or below the new total will automatically qualify, according to US Department of Labor guidance.
“Right now, too many Americans are working long days for less pay than they deserve,” President Barack Obama wrote in a Huffington Post op-ed announcing the change.
The regulatory change restores the overtime salary threshold to approximately where it was in 1975, based on inflation adjustments.
US Labor Secretary Thomas Perez said that the rule change will result in a collective $1.2 billion in extra compensation for workers who are newly eligible for overtime pay.
more: http://rt.com/usa/270784-obama-revises-overtime-rules/
........................................
Obama for Prime Minister of Canada.. :lol: