One of the most important stories lost in the last-minute rush topass a budget last month was what Congress did not do: In spite ofconstant pressure from organized labor, Congress did not overturnnew overtime regulations that took effect last August.
we re working on. mr. secretary, back to the overtime regulations. what kinds of jobs do the people who would be affected positively by the overtime regulation, what kind of jobs do they hold? and is there a ceiling or a floor to the income that they are getting? how does it work practically? sure. you have a lot of people right now who are working 60 70 hours a week in a variety of areas. the fair labor standards act applies in many sectors. it s not simply retail. but retail is a perfect example. you see the person working 60 hours, he or she is the most valuable person for that employer. they re opening the store, they re closing the store. and as a result of the 2004 rule the debt got stacked against that worker. because they were considered exempt employees even though they re making 25 $30,000 and so they re effectively working that 20 hours for free.