So $1.2 billion spread over 4.2 million people. About $300 a person, per year. That’s the benefit? About $4 per week, or less than $1 per day?
Seems like nothing, even to those who “benefit” from the rule. Dropping out a single Starbuck coffee per WEEK would put more money in their pocket at the end of the year.
The real benefit will be that salaried people will no longer be abused for free overtime. I doubt a whole lot of new overtime hours will be paid out. They’ll hire new part-timers instead.
oh....and the fact that Republicans did ABSOLUTELY NOTHING to address this problem (even though it has become increasingly blatant and obvious over several decades) hands the Dems a political win on this.