WH close to announce overtime rule, boosting pay. Politico:

WH close to announce overtime rule, boosting pay. Politico:

“As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000 … Boosting the threshold to $50,440 would bring it back in line with the 1975 threshold, after inflation. By one estimate that would give somewhere between five to ten million workers a raise … One key concern about expanding overtime is that it could prompt employers to reduce the number of hours that individual employees work … [But that could mean] more job creation, not less.”

http://www.politico.com/story/2015/06/barack-obama-overtime-salary-levels-white-house-118688.html