American workers and businesses have dodged a bullet from Washington labor regulators. The Obama Administration hurried new regulations expanding the number of workers who qualify to receive overtime through before President Obama leaves office.
Boosting paychecks for workers sounds like a good idea until you understand that some of the very same workers would lose hours and even their jobs as a result. Young people would particularly be affected.
Employers and businesses warned that they would take painful measures to afford the higher staffing costs. However, they may not have to. A federal judge has blocked the regulations from kicking in nationwide on December 1st — leaving businesses reeling with whiplash.
What’s next for the overtime rule? Will President-elect Trump add the overtime regulation to his growing list of things to overturn? What of President Obama’s legacy in the workplace?
Join me Wednesday, November 30 at 2:00 pm ET for a Facebook Live conversation with David Barnes, Policy Director at Generation Opportunity, about the overtime rule and why Millennials will benefit from its death.Photo by marcn
Patrice Lee Onwuka is a Senior Policy Analyst at the Independent Women’s Forum and a contributor to Bold Global Media.
Patrice has worked in policy, media, and consulting roles on youth and women’s issues. Her writing has appeared in the Washington Post, CNBC, Bloomberg, the Washington Times, the New York Post, the Christian Science Monitor, and other outlets. She is a regular guest on Fox News, Fox Business News, MSNBC, and PBS programs.
Patrice holds a bachelor’s degree in economics and political science from Tufts University and a master’s degree in economics and international relations from Boston College. Follow her @PatricePinkFile