Barack Obama poised to hike wages for millions
Politico - Monday 6/8/15
The Obama administration is on the verge of possibly doubling the salary levels that would require employers to pay overtime in the most ambitious government intervention on wages in a decade. And it doesn’t need Congress’s permission.
As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000, extending time and a half overtime pay to millions of American workers. The rule has already come under fire from business and Republican opponents who say it will kill jobs and force employers to cut hours for salaried employees.
“The minimum wage they can’t do,” said Bill Samuel, director of legislative affairs for the AFL-CIO. “This is probably the most significant step they can take to raise wages for millions of workers.”
Congressional Republicans are gearing up for a major battle against raising the overtime threshold. The House Education and the Workforce subcommittee will devote much of a scheduled June 10 hearing on federal wage and hour standards to the overtime rule, even if it isn’t yet released. Sen. Lamar Alexander, chairman of the Senate Health, Education, Labor and Pensions committee, said the rule—sight unseen—“seems engineered to make it as unappealing as possible to be an employer creating jobs in this country.”
Read more: http://www.politico.com/story/2015/06/barack-obama-overtime-salary-levels-white-house-118688.html#ixzz3cWJHuSkH
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“Millions of workers in the service sector have been victimized for years by the tactic of being labeled a manager, but not receiving commensurate pay for the position. By not paying managers overtime, corporate giants can keep wages artificially low. With a stroke of President Obama’s pen, millions of workers will be paid for the extra hours that they are currently working for free.”
The President’s executive action will apply to all workers who are classified as managers, but are earning under the overtime threshold. The retail and service sectors have been avoiding overtime rules for years by classifying employees as managers to avoid paying them the full compensation that they deserve.
http://www.politicususa.com/2015/06/08/obama-action-double-wages-millions-american-workers.html
The Obama administration’s interest in updating overtime rules can be traced to November 2013. | AP
Read more: http://www.politico.com/story/2015/06/barack-obama-overtime-salary-levels-white-house-118688.html#ixzz3cWWtwiVe
Thank you ucrdem!
Lol~ Lame duck my ass.
To you, Mr President.
Yeah he's getting the job done with or without the haters in Congress ...
by the time the convention rolls around there's going to be a lot of good news to brag about!!
Best President of my Lifetime!
Mr President, take a bow.
Thanks ucrdem.
The Obama dividend, it just keeps paying!
Front page news, woo-hoo!
p.s. I see HuffPo is still dutifully catapulting its stale wikileaks menudo . . . 
"stale wikileaks menudo.." Rofl
Perfect!
outstanding!!! 
