President Obama looking to expand labor regulations
President Obama has announced plans that would order the labor department to expand overtime pay requirements.
According to reports, he plans to issue an executive order to expand the number of people who qualify for overtime pay under the federal labor law.
These new regulations would require overtime pay for millions of workers that include, fast-food managers, loan officers, computer technicians and others who are currently classified at “executive or professional” employees.
The administration stated that this plan is a way to help “fix the system so folks working hard are getting compensated fairly.”
The President is also working on raising the federal minimum wage to $10.10, which is being challenged by many in congress.