Washington D.C. The Obama administration announces a major overhaul in how much money salaried workers could take home. Especially if you work more than 40-hours a week. The administration is pushing to update overtime pay regulation.
“We are in a situation in which you can be a salaried worker earning 24-thousand dollars a year and you are not covered by overtime polices,” said Cecilia Munoz, director of The White House domestic policy council.
Munoz said doubling the salary threshold to over 50-thousand dollars a year will help 5-million working Americans in 2016.
“We are simply updating them to make sure that if you work, a long day more than a 40-hour week you get paid for that extra work,” said Munoz.
Both Republicans and the National Retail Federation say these regulations could cause employers to cut hours.
In a statement the NRF said:
“Our research shows that the managers who would supposedly benefit oppose this plan and that few workers would actually see more take-home pay”.
“I don’t think small businesses will argue that they should be able to pay folks wages that keep their families in poverty in order to call them salaried workers at the end of the day it is good for our economy, it’s good for workers to have the money to buy the products and services that small businesses and others provide,” said Munoz.
Munoz said the regulations would also allow workers to see their families more. “If you work hard, and work a full week’s work you outta be paid enough to support your family that’s the essence of the American dream.”
The Department of Labor said the regulations will only affect only about 3-percent of workers and small businesses.
President Obama is taking this message on the road to Wisconsin later this week.