$23,660-a-year ‘executives' will see a raise

[Jangle]

The president not playing around.

President Barack Obama is preparing to do what the U.S. economic recovery has been slow to accomplish: raise the wages of millions of Americans.

His administration is drafting new rules on who qualifies for overtime compensation, forcing more businesses to pay time-and-a-half after 40 hours of work. Many employees now earning as little as $23,660 a year -- below the federal poverty line for a family of four -- aren’t entitled to overtime pay because they are considered managers.

While Republicans in Congress have blocked proposals to raise the minimum wage, Obama can change the overtime rules through executive authority. Some officials at the Department of Labor are urging the president to lift the threshold as high as $51,000 before someone could be called an executive exempt from overtime. A group of 26 Democratic senators has asked him to push it even higher, to $56,680.

http://finance.yahoo.com/news/-23-66...140934283.html

[HL]

I am looking forward to republicans who qualify under this wage bracket --refuse the increase. .........(cheek in tongue)

[Gamma]

ted cruz and obamacare

[Karl]

Damn things that we took for granted?
...like in the USA, no managers considered valuable to a business would be making that type money?

Sorry to say, I also through that low wage for a manager would not be found in the good ole USA!!!

[Jangle]

That's a big tongue you have.

[Islandman]

I have to ask what type of manager in the USA works for that kind of money? I would rather deliver pizza or load fedex packages than manage anybody for that kind of money. I would probably make more too.

However I do support the idea of increasing the wage limit for those designated to be exempt employees, wether they are "managers" or not.

[HL]

McDonald, Burger King, Waffle House managers maybe?

[Islandman]

Maybe.