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This R&D provides resources on President Barack Obama’s new overtime rules. The Obama administration announced last week issued regulations that require employers to pay overtime to employees that make up to $46,476 per year. The administration says that it will add billions to the economy, but critics warn that it will be another impediment towards the hiring of new employees in some sectors.
The new overtime rules will affect millions of middle-class Americans https://t.co/vjkBYVR6Fj
— Newsweek (@Newsweek) May 23, 2016
Changes to overtime rules, unlike the minimum wage, do not require the consent of Congress https://t.co/hOZWOSmZHq pic.twitter.com/G677dHS4I2
— The Economist (@TheEconomist) May 21, 2016
Employees—not employers—will bear the burden of the high cost of new overtime regulations. https://t.co/eMYx359iaN
— Cato Institute (@CatoInstitute) May 23, 2016