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Keyword: corporatesalaries

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  • Raiding Corporate Coffers....Again

    03/15/2014 3:49:51 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | March 15, 2014 | Charles Payne
    President Obama continues his push to tweak free market forces and buy votes with an executive move that will force businesses to pay extra for overtime work of certain salaried employees. Managers earning more than $455 a week are not eligible for overtime pay, even if those "managers" are really shift supervisors at a 7-11 or fast food restaurant. The number of potential people impacted by this change is hard to quantify. The law governing oversight is rooted in the Fair Labor Standards Act 1938. In 1975, the Department of Labor set the minimum to $250 a week, which...