An additional 1.3 million Americans who work more than 40 hours a week would become eligible for overtime pay under a rule proposed Thursday by the Labor Department.
The rule would increase the annual salary threshold that generally determines who qualifies for time-and-a-half pay. It would affect workers and employers in many industries,...
Why all the negative comments... isn't overtime pay a good thing? Additionally, isn't there a weekly hourly limit for jobs to classified as full time, as opposed to part time? I don't think employers can just change that classification just like that 🤔
Employee hrs will be cut and they will have to get 2nd job to make ends.They will most likely leave both jobs within short period. Jobs in these pay range are replaceable. Well most jobs are, unless employers can afford and keep employees w/o rehiring/training.Most choose profit
But trump hates workers
What? This isn't a form of socialism?
Sweet. If this is retroactive I’ll be buying a villa in Tuscany.
Employers will get around the overtime rule by cutting the hours. The minute people think they can finally make ends meet, the employers cut hours and make it impossible for people to have a 2nd job cause the employees don't know when they can work the other job.
Not good for business, employees or America. Businesses compete for good employees and must pay market prices or suffer the consequences of high turnover. Companies don’t need more red tape on how to pay people.
Point blank. Overtime is stupid. We should be able to afford a life on no more than 40 hours. Back in the 1960s the experts said we will work no more than 30 hours, and robots would slowly pay more of a dividend.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labor Department Set to Propose Rule on Joint EmploymentThe Labor Department is expected to propose a rule that sets a higher bar for when an employee could have claims against two employers, potentially addressing a policy priority for business groups.
Source: WSJ - 🏆 98. / 63 Read more »
New Overtime Rule Expected to Boost Pay EligibilityBusiness groups expect the Labor Department’s forthcoming overtime proposal to be more palatable than rules sought by the Obama administration, but worker advocates say it doesn’t go far enough. “Boosting pay eligibility” is the literal opposite of what Trump has done at the labor department; he unceremoniously reversed an Obama-era policy expanding eligibility for overtime pay. What’s next from the WSJ? “Trump expands union rights”? “Trump raises the estate tax”?
Source: WSJ - 🏆 98. / 63 Read more »
Fed Economists Find Tight Labor Market Can Give Boost to Disadvantaged WorkersAn economy where the unemployment rate falls below estimates of its long-run level can yield outsize gains for some women and minority groups, according to new research by four veteran Federal Reserve economists. Supply and demand still exist?!
Source: WSJ - 🏆 98. / 63 Read more »
Labor Dept. extends overtime coverage to 1.1 millionThe Labor Dept. extends overtime coverage to 1.1 million, significantly fewer than the 4.2 million who would have become eligible under a rule blocked by a federal judge that the department issued under President Barack Obama So Obama tried to cover 4.4M workers. Trump, the workers president, cuts that to 1.1M. What's incredibly sad is why did a federal judge block something which had been issued under President Barack Obama for the specific purpose of taking care of those eligible to receive the key words being eligible to receive or 3.1 million Americans having been blocked by a judge The Labour Secrety? You mean the guy who hides and protects child sex traffickers? That guy?
Source: politico - 🏆 381. / 59 Read more »
Jobless claims dip to 223,000 in early March, reinforcing signs of strong labor marketThe number of people who applied for unemployment benefits in early March fell slightly, keeping so-called jobless claims near the lowest levels in a half-century. Initial jobless claims fell by 3,000 to 223,000.
Source: MarketWatch - 🏆 3. / 97 Read more »
Jobless claims dip 3,000 to 223,000 in early March, labor market still showing strengthThe number of people who applied for unemployment benefits in early March after losing their jobs fell slightly, keeping so-called jobless claims near the lowest levels in a half-century. Initial jobless claims fell by 3,000 to 223,000. thanks for updates marketwatch Add GM closures next month...
Source: MarketWatch - 🏆 3. / 97 Read more »
Female Factor: Women Drive the Labor-Force ComebackIn the job-market recovery, the share of women participating in the workforce is rising faster than for men. Of course they are that should keep those old grumps from moaning on about the snowflake generation. sure. its because employers can/will pay less money to woman than men, for the same work. Good country.
Source: WSJ - 🏆 98. / 63 Read more »
Southwest Airlines is losing millions weekly in labor fight, CEO saysSouthwest Airlines’ chief executive said a surge in planes grounded by mechanics' concerns is costing the carrier millions of dollars each week by causing more delayed and canceled flights. There are plenty of good qualified non-union plane mechanics that would be willing to work for Southwest Airlines
Source: latimes - 🏆 11. / 82 Read more »
Labor Just Promised Cheaper Contraception And Better Abortion AccessYou might not have to go to the GP every few months just to fill a script for the pill. And contrast that with Theresa_May selling her soul and UK Freedom to the DUP.
Source: BuzzFeed - 🏆 730. / 51 Read more »
Democratic Sen. Sherrod Brown will not run for president in 2020Brown said he will focus on labor issues as he tries to help a Democratic presidential candidate defeat President Donald Trump. who People with 0% chance of winning should never run anyway. who?
Source: CNBC - 🏆 12. / 72 Read more »