June 29, 2015
By Tribune Wire
Salaried workers (click here) who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve.
The long-awaited overtime rule from the Labor Department would more than double the threshold at which employers can avoid paying overtime, from the current $455 a week to $970 a week by next year. That would mean salaried employees earning less than $50,440 a year would be assured overtime if they work more than 40 hours per week, up from the current $23,660 a year....
Wall Street has used the word "salaried" for free labor. It has to stop. Blue collar workers has a right to fair pay for a day's work.
Gotta pay the mortgage. And the school supplies required for a proper education doesn't get any cheaper.
By Tribune Wire
Salaried workers (click here) who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve.
The long-awaited overtime rule from the Labor Department would more than double the threshold at which employers can avoid paying overtime, from the current $455 a week to $970 a week by next year. That would mean salaried employees earning less than $50,440 a year would be assured overtime if they work more than 40 hours per week, up from the current $23,660 a year....
Wall Street has used the word "salaried" for free labor. It has to stop. Blue collar workers has a right to fair pay for a day's work.
Gotta pay the mortgage. And the school supplies required for a proper education doesn't get any cheaper.
