Breitbart: “On Tuesday, U.S. District Court Judge Amos L. Mazzant III rendered a 20-page opinion from the Eastern District of Texas court in Sherman. He agreed with a 21-state coalition and an alliance of business groups including the U.S. Chamber of Commerce that the federal overtime rule was unlawful and the Obama Administration overstepped its authority.”
“The judge granted a temporary preliminary injunction to block the nationwide implementation of the rule which would have more than doubled the salary threshold for a worker to be entitled to receive overtime pay. It also would have forced many state and local governments, as well as private businesses, to substantially increase their employment costs…
The new rule seeks to extend overtime eligibility to roughly four million workers by diminishing a “white collar” exemption and doubling the salary level to which employers must pay overtime from the current $455 per week ($23,660 per year) to $913 per week ($47,476). This pay threshold would automatically readjust every three years to reflect average wage changes.”
Now the overtime rule does not go into affect anywhere.
ObamaCare forced business to convert employees to part time, it was unaffordable. The new law said they had to provide it to employees working 30 or more hours. Companies created salaried part time employees and effectively got around Obama’s mandates. Obama looked for more aggressive mandates.
The Fair Labor Standards Act raised the overtime ‘threshold’ test for salaried employees to $47,500 a year. All salaried employees making less than that now qualified for overtime. There was never a time clock for salaried employees. Put them on a clock with overtime and most will earn what they did on salary. Mine did.
Obama once again is controlling the free economy. He is dictating terms to a sector in which he has never participated. He is surrounded by an administration which also has spent it’s entire life working in government, education, outside of the private sector. These are the people telling business what to do better?