Millions of workers, maybe even you, have been working overtime without ever seeing a dime. That’s not right. Thankfully, the Department of Labor is expected to announce a proposal soon to increase the salary threshold for receiving overtime pay. In short, you could be about to get a raise you might not have even known you already should have. Here’s why you should definitely GAF about the new overtime rule.
President Barack Obama needs to “go bold” with the upcoming revision of overtime pay rules expected shortly from the Department of Labor, says AFL-CIO President Richard Trumka. In the video above, he says:
In our regular weekly feature, we'll be taking a look at the winners and losers of the week in the struggle for the rights of working families. The winners will be the persons or organizations that go above and beyond to expand or protect the rights of working families, while the losers will be whoever went above and beyond to limit or deny those rights.
President Obama made it official today, telling the Department of Labor to begin to update overtime eligibility rules to restore overtime protection that salaried workers have lost to inflation since 1975. See our story from yesterday and read the White House fact sheet. While the Department of Labor will update overtime eligibility standards for inflation so law-abiding businesses will know who qualifies for overtime protection, many employers across the country are breaking the law and cheating their workers out of overtime pay.
In 2004, President George W. Bush, at the urging of business groups, used his executive powers to change overtime eligibility rules and allow businesses to deny overtime for millions of workers. Tomorrow, President Barack Obama is expected to announce that he will direct the Labor Department to update overtime eligibility rules to restore overtime protection that workers have lost to inflation since 1975.
The Economic Policy Institute (EPI), the Center on Budget and Policy Priorities (CBPP), the Center for Economic and Policy Research (CEPR) and Media Matters have released important research about the economy in the past few weeks. Here's a look at some of the key pieces they have uncovered about the U.S. economy.