This extraordinary reform, touted as one of the most consequential of the Obama presidency, will bring OT pay for millions of workers who work 50, 60 and up hours on fixed “salaries” with no extra compensation for additional hours worked.
Just think… where our country could economically be with a racially diverse solidarity movement.
In the Trump era of xenophobic identity politics, it is tragically ironic how the majority of working-class white males continue to economically suffer, yet, still support the GOP flawed economic policies that decimate the middle-class and serve the wealthy one percent exclusively.
As the Huffington Post reported:
The Labor Department announced Tuesday that it completed one of the most ambitious economic reforms of the Obama era, finalizing a new rule that will extend overtime protections to millions of additional workers.
The administration will accomplish that by raising what’s known as the overtime salary threshold. Nearly all workers earning salaries beneath that threshold are entitled to time-and-a-half pay whenever they work more than 40 hours in a week.
The current threshold is just $23,660. The White House will be doubling that number, to $47,476, guaranteeing overtime rights for salaried workers earning less than that. The Labor Department will now update the threshold every three years to make sure it keeps pace with inflation.
The White House estimates that the change will bring overtime rights to 4.2 million workers who are currently excluded. It will also clarify eligibility for another 8.9 million workers who may or may not have overtime protections under the current rules, officials said.
On a call with reporters Tuesday, Labor Secretary Tom Perez said the reform was meant to address “both underpay and overwork.”
“The overtime rule is about making sure middle-class jobs pay middle-class wages,” Perez said. “Some will see more money in their pockets … Some will get more time with their family … and everybody will receive clarity on where they stand, so that they can stand up for their rights.”