US businesses cheer overtime ruling; many already upped pay
November 24, 2016
LAS VEGAS (AP) — Businesses around the country on Wednesday cheered a court decision blocking the Obama administration's sweeping new overtime rules, but many had already raised salaries or ordered managers to stick to a strict 40-hour workweek to avoid costs they expected to incur starting next week.
An injunction issued Tuesday by the federal court in the Eastern District of Texas prevents the Department of Labor from mandating overtime pay for salaried employees who make less than about $47,500 a year — a dramatic jump from the old threshold of $23,660.
More than 4 million workers would hav...
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