The new regulations to the 1938 Fair Labor Standards Act reportedly would mandate that businesses provide overtime pay for those who work jobs as varied as fast-food restaurant managers, loan officers, and computer technicians. Currently, businesses are prohibited from denying overtime to a salaried worker making less than $455 per week. The rules that Obama is proposing would increase that salary threshold, though it was not clear by how much.
It doesnt matter.
Pres. B.O. will be praised by the Left and criticized by the Right.
But this whole thing just doesnt matter. It is purely symbolism.
Think about it....
How many people do you know are paid a salary based off of $9.10 - $11.50 or less per hour?
Management is usually paid a salary. A flat payment every week no matter how many hours you work. Some weeks you win some weeks you loose.
But this Exec. order is nothing more than a symbolic gesture running up to election time.
But it will be fun to watch both sides fight this out...LOL