The unintended consequences of the new overtime rules
from By Hank Boyer
From June 8:
Proponents of the Department of Labor's new overtime regulations argue that many workers being paid a salary ("overtime exempt") between $23,660 and $47,476 are unfairly denied overtime compensation afforded to hourly workers ("nonexempt"). This move is being hailed as a way to put more money in the pockets of low- and middle-income Americans. I do not believe employers will use the new regulations as an opportunity to raise the wages of everyone affected.
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