From the NYT...
President Obama announced Monday night a rule change that would make millions more Americans eligible for overtime pay.
The rule would raise the salary threshold below which workers automatically qualify for time-and-a-half overtime wages to $50,440 a year from $23,660, according to an op-ed article by the president in The Huffington Post.
“Right now, too many Americans are working long days for less pay than they deserve,” the president wrote.
Of course there are the predictable lies from the 1%...
Conservatives and business groups have bitterly opposed the idea, warning that it will cost jobs. The National Retail Federation, a trade group, has argued that expanded overtime will “add to employers’ costs, undermine customer service, hinder productivity, generate more litigation opportunities for trial lawyers and ultimately harm job creation.”
When the conservative predictions don't come true, I hope the MSM calls them on it... /snark
As VP Biden would say, "This is a BFD!"