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How Obama's new proposed overtime rule affects your business

from By Jessica Taylor

From July 3: An important change in the American workplace is occurring — and it could affect you and your business. A proposed new rule regarding overtime pay would mean increased paychecks for up to 5 million workers, according to the Obama administration. A proposed adjustment to the Fair Labor Standards Act — establishing the 40-hour workweek and rules for working overtime — would raise the salary threshold for overtime for the first time since 1975. more


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