Millions More Americans To Be Eligible For Overtime Pay

Posted by | June 30, 2015 21:00 | Filed under: Good News Politics

Republish
Reprint


The rules set forth by President Obama will mean more money in the pocket of millions of Americans.

The rule would raise the salary threshold below which workers automatically qualify for time-and-a-half overtime wages to $50,440 a year from $23,660, according to an op-ed article by the president in The Huffington Post.

“Right now, too many Americans are working long days for less pay than they deserve,” the president wrote.

The administration has the power to issue the regulation, which would restore the overtime salary threshold to roughly where it stood in 1975 in terms of purchasing power, without congressional approval.

Advocates for the change immediately hailed the decision.

“The president said he wanted to go big here and he did,” said Jared Bernstein, a former White House economist who co-wrote an influential report on the benefits of expanding overtime pay after leaving the administration in 2011. “I can’t think of any other rule change or executive order that would lift more middle-class workers.”

Click here for reuse options!
Copyright 2015 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

7 responses to Millions More Americans To Be Eligible For Overtime Pay

  1. Warman1138 June 30th, 2015 at 21:16

    HOORAY!

  2. Suzanne McFly July 1st, 2015 at 09:11

    It was bush who stopped the overtime pay in 2004 (I think) and now President Obama is fixing the situation. It seems our current President has had to fix almost everything that little idiot did well he was in power, who believes we (as a society) will remember how badly one person can be to our entire social order in our future elections?

  3. Budda July 1st, 2015 at 09:52

    Great!

  4. SteveD July 3rd, 2015 at 20:23

    Correction: July 1, 2015

    “An article on Tuesday about a proposed overtime rule change announced by President Obama misidentified which workers would be covered. The change would affect salaried workers earning below $50,440 a year, not hourly workers. The article also overstated plans to adjust the wage threshold over time. Adjustments to the $50,440 figure have yet to be determined; it is not necessarily the case that the wage threshold would be indexed to some measure of inflation.”http://www.nytimes.com/2015/06/30/business/obama-plan-would-make-more-americans-eligible-for-overtime.html?_r=1

    • tracey marie July 3rd, 2015 at 20:36

      We know that fact

      • SteveD July 3rd, 2015 at 20:50

        Thanks. Just providing some badly needed clarification as the original piece did not mention the differentiation between salaried and hourly workers on the day it was released. How many Alan.com readers actually view the entire referenced articles/sources anyway?

        • tracey marie July 3rd, 2015 at 23:08

          so you believe you are special…I agree special needs.

Leave a Reply