After a long wait, the Obama administration seems poised this week to vastly increase the ranks of American workers eligible for time-and-a-half overtime pay. With just a simple rules change—raising from $23,660 to as much as $52,000 the threshold below which workers must be paid overtime—the federal government is poised to raise incomes. Or increase the number of jobs. The rationale varies, depending on who you ask. But it's all good, or so we're told.A look at the real demand for labor.
Except...It might not be so easy as bureaucrats think to manufacture prosperity by scratching out and replacing numbers in the federal rule books.
Monday, June 08, 2015
Evidence suggests that tightening overtime rules could kill jobs
Reason reports: