Donald Trump’s Conflict Of Interest That No One’s Talking About
POLITICS
Donald Trump’s Conflict Of Interest That No One’s Talking About
A hotel mogul will now get to determine whether more workers get overtime pay.
Pretty soon, Donald Trump may get to decide whether 4 million workers will get extra pay when they work long hours. You might say the president-elect has a dog in this fight. After all, some of those people surely work for Trump and his children.
It’s a perfect illustration of the president-elect’s thicket of conflicts ¯ all the more so because it’s not as glaring as some of the others.
Earlier this year, President Barack Obama reformed our country’s overtime rules to make them more generous to workers. Under the changes, pretty much any salaried worker who earns less than $47,476 per year will be guaranteed time-and-a-half pay when they work more than 40 hours in a week. Under the old rules, you had to earn less than $23,660 to be certain you were entitled to overtime pay.
Because of the changes, the White House estimates that 4.2 million additional workers will be covered by the overtime rules, making this a monumental labor reform. Where it works as planned, salaried employees will be taking home bigger paychecks, or working more reasonable hours as their employers try to avoid the time-and-a-half overtime premium.
Business groups are in a tizzy over this reform, since it’s going to raise labor costs on employers. Along with Republicans in Congress, they have pressed hard to have the reforms watered down, delayed or scrapped altogether.
READ MORE: http://www.huffingtonpost.com/entry/donald...
Donald Trump’s Conflict Of Interest That No One’s Talking About
A hotel mogul will now get to determine whether more workers get overtime pay.
Pretty soon, Donald Trump may get to decide whether 4 million workers will get extra pay when they work long hours. You might say the president-elect has a dog in this fight. After all, some of those people surely work for Trump and his children.
It’s a perfect illustration of the president-elect’s thicket of conflicts ¯ all the more so because it’s not as glaring as some of the others.
Earlier this year, President Barack Obama reformed our country’s overtime rules to make them more generous to workers. Under the changes, pretty much any salaried worker who earns less than $47,476 per year will be guaranteed time-and-a-half pay when they work more than 40 hours in a week. Under the old rules, you had to earn less than $23,660 to be certain you were entitled to overtime pay.
Because of the changes, the White House estimates that 4.2 million additional workers will be covered by the overtime rules, making this a monumental labor reform. Where it works as planned, salaried employees will be taking home bigger paychecks, or working more reasonable hours as their employers try to avoid the time-and-a-half overtime premium.
Business groups are in a tizzy over this reform, since it’s going to raise labor costs on employers. Along with Republicans in Congress, they have pressed hard to have the reforms watered down, delayed or scrapped altogether.
READ MORE: http://www.huffingtonpost.com/entry/donald...
