5M expected to get raise by Obama / Rumors would've settled f/ less - CfAF (3 articles)

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Campaign f/ America's Future

Obama To Give Workers A Raise

President Obama announces expanded overtime pay on HuffPost: "... we've failed to update overtime regulations for years -- and an exemption meant for highly paid, white collar employees now leaves out workers making as little as $23,660 a year -- no matter how many hours they work. This week, I'll head to Wisconsin to discuss my plan to extend overtime protections to nearly 5 million workers in 2016, covering all salaried workers making up to about $50,400 next year ..."

http://m.huffpost.com/us/entry/7691922



Five million more workers expected to get a raise.

NYT: "The rule, which would most likely be completed in 2016, would give workers whose salary is between the current threshold and the new threshold a raise if they work more than 40 hours a week ... economists believe that many employers will most likely reduce workers' hours so as to save on overtime pay [though] any attempt to scale back hours could increase hiring."

http://mobile.nytimes.com/2015/06/30/business/obama-plan-would-make-more-americans-eligible-for-overtime.html?referrer=



Earlier rumors suggested Obama would settle for less.

Daily Kos' Laura Clawson: "Early in 2015, the rumor was that the Obama administration would raise the threshold to around $42,000, an amount that would have covered around 35 percent of salaried workers, or an additional 3.5 million. That's a big boost, but by contrast, in 1975, 65 percent of salaried workers were covered. Progressives hoped for better than $42,000 from this administration ... and will get it."

http://www.dailykos.com/story/2015/06/30/1397901/-Obama-to-make-nearly-5-million-more-workers-eligible-for-overtime-pay#

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