he Obama administration’s updating of federal policy toward employees covered under the Fair Labor Standards Act (FLSA) has been finalized. Starting in December, over 4 million workers who make up to $913 a week ($47,476 per year) will be have to be offered overtime pay (at least time-and-a-half) when they clock in more than 40 hours a week. The old standard was $23,360, so this is essentially a doubling of the threshold. To get a sense of who is covered by the FLSA, go here.
Guess who likes this sort of edict?
