The U.S. Department of Labor has proposed expanding the number of people who can still receive overtime pay. The current salary threshold for a white-collar worker is less than $24,000 a year. The expanded threshold would be close to $50,000.
The U.S. has been one of the most productive countries in the world for a long time, according to the Organization for Economic Cooperation and Development, with salaried workers working well over the 40 hour work week but with no additional compensation.
The proposal is drawing criticism from the business community and praise from white collar workers who think it could mean a boon for their paychecks. As we find out on The Source, it may not be that simple.
Guests:
- Ross Eisenbrey, vice president of of the Economic Policy Institute and former commissioner of OSHA.
- Bob Kilgore, managing partner at the San Antonio branch of Fisher & Phillips law firm.
