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Labor Department Announces Plans to Raise Overtime Pay

The Labor Department announced it plans to introduce new regulations to extend overtime pay to workers classified as managers or professionals.  The regulations are to be effective sometime in 2016.  In a blog posted on the Huffington Post’s website, President Obama wrote that overtime laws are long overdue for an update, as many Americans, who live below the poverty line, do not qualify for overtime because of an exemption designed for highly paid white collar employees.  According to the President, earning fair wages for hard work is “the heart of what it means to be middle class in America.”  You can read the President’s blog post here.

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