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Keyword: salariedworkers

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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...
  • Obama to force businesses to pay more employees overtime

    03/12/2014 3:08:29 PM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 03/12/2014 | AllahPundit
    Unlike his various “fixes” for ObamaCare, there actually is some statutory basis for this move. In both cases, though, he’s following the same rule: Even if the policy isn’t good, the politics are, and that makes it worth doing.It’s a logical corollary to his push to raise the minimum wage. If, in the name of fairness and income equality, we can tell businesses how much to pay their lowest-ranking employees, we should also tell them how much to pay their middle managers, no? Under current federal regulations, workers who are deemed executive, administrative or professional employees can be denied overtime...