The Labor Department this week announced the expansion of overtime pay for salaried workers. This is expected to affect millions in the middle class. The Obama Administration hopes the measure will improve pay for people working over 40 hours a week on salaries of up to $47,000.
“The middle class is getting clobbered,” Vice President Joe Biden said, explaining the rationale for the regulation. But already opposition is gathering on the right. Meanwhile, reports The New York Times, some business leaders predict negative consequences for workers. Let’s look at what this might mean to your business.
