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Obama Administration Set to Extend Overtime Pay to Millions
WSJ ^ | 05/17/2016 | Melanie Trottman and Eric Morath

Posted on 05/17/2016 2:36:58 PM PDT by BenLurkin

Millions more Americans will qualify for overtime pay under a final Labor Department regulation expected out Wednesday, in what could be President Barack Obama’s last big push to try to shore up workers’ wages.

The rule will increase the annual salary threshold that generally determines who qualifies for overtime pay when they log more than 40 hours a week. It will have a sweeping effect on workers, employers and industries, including large and small retailers, the fast-food industry, universities and nonprofits.

Analysts and industry groups expect the threshold will be doubled to about $47,000 from $23,660—a level last updated in 2004. That means workers who are paid by the hour or earn annual salaries of less than $47,000 would be eligible for overtime pay, while those with salaries of that much or more generally wouldn't.

...

The agency received 270,000 public comments about its proposal, many from employers and industry trade groups who warned the rule would force employers to cut workers’ hours, slow hiring of full-time employees and shift salaried professionals to hourly employees who have to punch a time clock.

“Just because there’s an overtime rule does not mean there’s going to be overtime pay,” said David French, senior vice president of government relations for the National Retail Federation trade group. “By stroke of a pen, DOL is going to be demoting millions of employees in the economy from salary to hourly,” he said.

(Excerpt) Read more at wsj.com ...


TOPICS: Crime/Corruption; US: New York
KEYWORDS: 2016election; election2016; graduatedincometax; minimumwage; newyork; obamaovertime; overtime; trump
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1 posted on 05/17/2016 2:36:58 PM PDT by BenLurkin
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To: BenLurkin

Those folks are working over 40 hours a week??????????


2 posted on 05/17/2016 2:40:22 PM PDT by PeteB570 ( Islam is the sea in which the Terrorist Shark swims. The deeper the sea the larger the shark.)
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To: BenLurkin

I truly fear the next 8 months.

.


3 posted on 05/17/2016 2:41:44 PM PDT by Mears
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To: BenLurkin

Outrage after outrage. Leftist’s agitation.


4 posted on 05/17/2016 2:43:35 PM PDT by VRW Conspirator (American Jobs for American Workers.)
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To: BenLurkin

Givin’ it all away...


5 posted on 05/17/2016 2:43:55 PM PDT by choctaw man (Good ole Andrew Jackson, or You're the Reason God Made Oklahoma...)
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To: BenLurkin
A contract is a contract.
The administration is yet again posed to override existing agreements between employers and employees.
Liberals can never leave well enough alone, their ideology must to be shoved down the throat of everyone, whether they like it or not.

6 posted on 05/17/2016 2:47:54 PM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: BenLurkin

Show me again how this automated robotic secretary works.

What’s the price tag?

[Could be cheaper than human help.]


7 posted on 05/17/2016 2:52:04 PM PDT by TomGuy
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To: Mears
I truly fear the next 8 months.

The worst is yet to come, I cannot even imagine what that pervert will do!

8 posted on 05/17/2016 2:53:13 PM PDT by notaliberal (St. Michael the Archangel, defend us in battle,)
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To: BenLurkin

Rules are made to be broken.


9 posted on 05/17/2016 2:55:49 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: notaliberal

Cap and trade by executive order?


10 posted on 05/17/2016 2:57:19 PM PDT by South Dakota (crazy horse: I shall return again...in stone)
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To: South Dakota

Who knows. You can be darn sure the wimps in congress will do nothing!


11 posted on 05/17/2016 3:00:51 PM PDT by notaliberal (St. Michael the Archangel, defend us in battle,)
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To: BenLurkin

The King issues yet another decree from on high from the Imperial bathhouse.


12 posted on 05/17/2016 3:01:57 PM PDT by headstamp 2 (Fear is the mind killer.)
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To: BenLurkin

Fascism.

Ie socialism via govt regulation/rules. When things go good govt takes credit. When things go bad govt blames private business.


13 posted on 05/17/2016 3:11:05 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: South Dakota

Cap and trade by executive order?

***********************************************************

One good thing about Obama’s E.Os., They are temporary, they can all be revoked with one stroke of President Trump’s pen.


14 posted on 05/17/2016 3:12:56 PM PDT by Graybeard58 (Crooked Hillary's going down and I aint talkin about, on Huma.)
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To: Graybeard58

As a professional, if I would have been paid for the “overtime” I did in the 90’s, I would definitely be retired by now.


15 posted on 05/17/2016 3:16:37 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day".)
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Obama does not have the power to do this, he would need Congress to pass a bill that he could sign into law, and for that to happen would be like the Republican-controlled House AND the Republican controlled Senate giving a communist enemy everything he wants...

Wait a minute....

Never mind.

16 posted on 05/17/2016 3:23:37 PM PDT by Henchster (Free Republic - the BEST site on the web!)
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To: BitWielder1

I wonder what effect if any this would have on imported labor. That’s how he can get the republicans to go along.


17 posted on 05/17/2016 3:39:15 PM PDT by enduserindy (Republican's have sold the path, not lost it.)
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To: Henchster

If they make imported labor exempt, well you know.


18 posted on 05/17/2016 3:41:01 PM PDT by enduserindy (Republican's have sold the path, not lost it.)
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To: BenLurkin

Desperate moves by a desperate administration.

Nothing that they do will stop the economy and the dollar from crashing.

Perhaps they should quit trying, let the chips fall where they may, and let us rebuild a free republic on their ashes.


19 posted on 05/17/2016 3:47:12 PM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: PeteB570

Amazing how easy it is to give away the money of others.

Especially when the giver has never had a real job that he (it) is qualified for.


20 posted on 05/17/2016 3:49:11 PM PDT by Da Coyote
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