The Department of Labor has proposed a new rule that it thinks will increase the number of workers who will either receive overtime pay or see the salaries increase. The new rule more than doubles the earnings threshold for workers to be exempt from the requirement to pay time-and-a-half for hours worked beyond 40 in a week.
As Diana Furtchgott-Roth writes, however, rather than increase workers pay, the rule is most likely to reduce flexibility in setting work schedules, while increasing the administrative costs to employers. That can only reduce employment and economic growth.
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