His action with affect up to 5 million Americans….
President Obama on Monday announced new rules that will require businesses to pay millions of additional American workers overtime wages.
The long-awaited regulation would make all salaried workers who earn less than $970 per week, roughly $50,440 per year, automatically eligible to earn overtime pay if they work more than 40 hours a week. The cutoff under existing rules is around $23,660 per year.
“In this country, a hard day’s work deserves a fair day’s pay,” Obama wrote in an op-ed for The Huffington Post. “That’s at the heart of what it means to be middle class in America.”Share on Facebook