05/18/2024

Opinion: The Real Cost of Obama’s Overtime Mandate

The Labor Department trumpets rosy estimates to support its proposal to unilaterally add roughly five million workers to America’s overtime payrolls. Obama administration officials claim that the plan to more than double the salary at which employees become exempt from overtime—to $50,440 from $23,660—“will help shore up the middle class” for the low price of only $2 billion in its first year of implementation.

But the administration refuses to allow others to check its math. The Florida Department of Economic…

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