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Sunday, December 21, 2014, 3:18 a.m.
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Obama signs memorandum to strengthen overtime pay rules

By The Associated Press

This article was published March 13, 2014 at 1:55 p.m.

WASHINGTON — President Barack Obama has signed a presidential memorandum directing the Department of Labor to devise new overtime rules to make more workers eligible for time-and-a-half pay.

The memorandum is one of the most far-reaching executive actions by the president this year. New rules would likely not take effect until 2015.

Obama has pledged that when necessary, he will bypass Congress to act on his own on economic initiatives.

Advocates of new overtime rules say millions of workers could benefit. Critics say it could overburden small businesses and other companies and actually cost jobs.

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TomN says... March 14, 2014 at 8:14 a.m.

About time! Far too long the apparent ultimately un-explainable and unjustifiable (to me anyway) strategy of Boards and CEOs has been to place people under salary and squeeze the life out of them by working them 80 hours a week, including "after work" evening texts, calls, work expectations, etc., even into the middle of the night, when they would make more money by working a 40 hour work week with minimal overtime. All of this while they give "cost of living" raises (2-4%) occasionally (and think themselves being generous) to menial employees and mid-management while giving the CEO 15% pay increases every year for squeezing the life out of people because he is "doing a good job" by doing this, all with "off the books" benefits -- i.e., vehicle, expense account, per Diem while away (a lot!) attending various satellite board meetings, etc. -- while others are the one's really "running" the company. We all really know how it works.... Just "good ole boy" stuff, etc. And we just accept it as part of our ingrained work culture???

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