Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Obama Signs Executive Order On Overtime Pay
Posted
May 19, 2016
Views
130,903
Likes
2,939
Comments
1,163
Engagement
3.13%
May 19, 2016
130,903
2,939
1,163
3.13%
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5:37Now PlayingThe Obama Administration recently raised the overtime salary threshold via executive order. This will secure time-and-a-half pay for millions more Americans every year. Ana Kasparian and John Iadarola (ThinkTank), hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"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.””*
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Hosts: Ana Kasparian, John Iadarola
Cast: Ana Kasparian, John Iadarola
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