Paul Ryan Threatens to Take Away Overtime Pay From Workers
- 5 years ago
House Speaker Paul Ryan criticized the Labor Department's new rule that allows more Americans to receive overtime pay, saying the regulation "hurts the very people it alleges to help."
Under the new rules finalized today, those who earn a salary of less than $47,476 a year will automatically qualify for overtime pay of time-and-a-half if they work more than 40 hours a week. Previously, those who earned more than $23,660 were exempt from overtime pay. The new rules will affect 4.2 million workers in the U.S. when they go into effect starting Dec. 1.
“This regulation hurts the very people it alleges to help. Who is hurt most? Students, non-profit employees, and people starting a new career," Ryan, R-Wisconsin, said in a statement today.
Full story: https://gma.yahoo.com/house-speaker-paul-ryan-committed-fighting-overtime-rule-185537464--abc-news-personal-finance.html
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Under the new rules finalized today, those who earn a salary of less than $47,476 a year will automatically qualify for overtime pay of time-and-a-half if they work more than 40 hours a week. Previously, those who earned more than $23,660 were exempt from overtime pay. The new rules will affect 4.2 million workers in the U.S. when they go into effect starting Dec. 1.
“This regulation hurts the very people it alleges to help. Who is hurt most? Students, non-profit employees, and people starting a new career," Ryan, R-Wisconsin, said in a statement today.
Full story: https://gma.yahoo.com/house-speaker-paul-ryan-committed-fighting-overtime-rule-185537464--abc-news-personal-finance.html
SUBSCRIBE
http://www.youtube.com/MikeMalloyVideo
PLEASE SUPPORT THE MIKE MALLOY YOUTUBE CHANNEL
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