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Subject Via Executive Order:Obama to order expansion of overtime pay for salaried workers!

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President Obama will reportedly use his executive authority to order the Labor Department to change its rules this week to require overtime pay for millions of workers currently classified as "executive or professional" employees.

The New York Times, citing White House officials briefed on the announcement, reported that Obama would announce the rule changes on Thursday.

The new regulations to the 1938 Fair Labor Standards Act would mandate that businesses provide overtime pay for those who work jobs as varied as fast-food restaurant manager, loan officer, and computer technician. Currently, businesses are prohibited from denying overtime to a salaried worker making less than $455 per week. The rules that President Obama is proposing would increase that salary threshold, though it was not clear by how much.

Conservative groups have warned that Obama's planned change would lead businesses to reduce staff or cut pay.

http://www.foxnews.com/politics/2014/03/12/obama-to-reportedly-order-expansion-overtime-pay-for-millions-workers/
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[b]well I guess everyone can start applying for unemployment..If i have to pay even a quarter more to my employees i'm going to lay off most of them and then work the shit out of the few remaining.
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Yep, it will affect 1000's of businesses
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wont effect the business just the bankroll of the shareholders.

might have to trade their mercedes in for an audi

boohoo
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Small business employ 57% of the work force, that is up 54% since 1980. That is who will suffer the most.

http://www.ntia.doc.gov/legacy/opadhome/mtdpweb/sbfacts.htm
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Original Message President Obama will reportedly use his executive authority to order the Labor Department to change its rules this week to require overtime pay for millions of workers currently classified as "executive or professional" employees.

The New York Times, citing White House officials briefed on the announcement, reported that Obama would announce the rule changes on Thursday.

The new regulations to the 1938 Fair Labor Standards Act would mandate that businesses provide overtime pay for those who work jobs as varied as fast-food restaurant manager, loan officer, and computer technician. Currently, businesses are prohibited from denying overtime to a salaried worker making less than $455 per week. The rules that President Obama is proposing would increase that salary threshold, though it was not clear by how much.

Conservative groups have warned that Obama's planned change would lead businesses to reduce staff or cut pay.

[link to www.foxnews.com]

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