Salaried workers making up to $47,476 annually must receive overtime for hours past 40 per week; prior salary cutoff was $23,660.
Melissa Agnello earned her Ph.D in microbiology last year from the University of California at Los Angeles, an impressive achievement that unlocked her ability to wave goodbye to a decade of student poverty and... be a little less poor. She's doing post-doctoral research now at the school, studying the microbiome, the bacteria that live on the human body.
Corporate interests and the GOP roundly criticized the measure, calling the overtime expansion a jobs killer and a bane on small businesses, but to the millions of workers affected by the new law, it's a welcome change. "This is a step in the right direction to strengthen and secure the middle class by raising Americans' wages," Obama wrote in an email to supporters."When workers have more income, they spend it—often at businesses in their local community—and that helps grow the economy for everyone."
What most of Cook's clients are planning to do is give their employees raises, bumping them up somewhere above the new threshold of $47,476, which will allow them to continue having workers put in more than 40 hours a week without overtime. Others are moving to reclassify workers as hourly, which isn't actually required by the law but which some employers seem to believe will make it easier to track overtime. Most of the companies Cook works with have taken the news in stride, he said.
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