Obama Pushes For Overtime Pay Expansion: Political Play Or Victory For The Working Class?

wochit news
March 13, 2014 AT 6:26 AM
In his State of the Union speech, President Barack Obama said he was prepared to go around Congress if lawmakers stymied important legislation. Today he is making good on that threat—the president is expected to order a rule that would require more employers to pay overtime to salaried workers. Currently, employers aren’t required to pay overtime to salaried workers earning over $455 a week or $24,000 a year. While it is unclear by how much the Labor Department will raise the salary limit, former White House economist Jared Bernstein has proposed an increase to $984 a week or about $50,000 a year. That means this rule would impact between five and 10 million people.