Black People Politics : Obama Seeks Overtime Rules Revamp That Could Help 5 Million Workers

Discussion in 'Black People Politics' started by Clyde C Coger Jr, Aug 6, 2015.

  1. Clyde C Coger Jr

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    Obama Seeks Overtime Rules Revamp That Could Help 5 Million Workers

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    The Obama administration on Tuesday unveiled details of a long-awaited proposal that would make nearly 5 million more U.S. workers eligible for overtime pay, but many businesses say it would force them to cut hours and wages. Under the proposal, the maximum income a salaried worker could earn and still be eligible for mandatory overtime pay would rise to $50,440 from $23,660, the first significant change in four decades. U.S. Labor Secretary Thomas Perez said millions of workers would earn an estimated $1.3 billion in additional wages annually. Others would work less hours for the same amount of money, and many businesses would create new part-time positions to fill the gap, he said ...



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    https://news.yahoo.com/video/obama-seeks-overtime-rules-revamp-122221967.html


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