ALBAMA: Business leaders say hiking overtime pay would reduce hiring, while unions say the change would stimulate the economy by raising incomes for about 5 million Americans. Business groups and labor unions sharply disagreed over the potential impact of a proposed change to the federal rule governing overtime pay.
In coming months, the two sides will submit comments in writing to the Labor Department to try to shape the rule’s final wording, but the verbal sparring already has begun..Before laying out the different reactions The White House announced its long-awaited proposal to change the exemption that allows employers to not pay overtime wages to executive, administrative and professional employees
Under current rules, employees who make $455 or more per week and have “white collar” jobs can be considered managers and professionals, entitled only to a set salary, no matter how much overtime they work.
