Thursday, July 02, 2015
Why 5 million workers may newly qualify for overtime pay - CSMonitor.com
Someone has to pay more for the products and services, for sure, because you can't just conjure up the money out of nothing...
On the CSmonitor website, Henry Gass writes about it:
"Obama wants to extend the overtime rule to almost 5 million more workers in 2016. The rule hasn’t been updated since 2004 and has been eroded by inflation, and the revamped rule would more than double the limit at which employees become ineligible for overtime. That threshold would rise to $970 a week, or up to about $50,400 a year, by 2016."