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Barack Obama poised to hike wages for millions – POLITICO

As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000, extending time and a half overtime pay to millions of American workers. The rule has already come under fire from business and Republican opponents who say it will kill jobs and force employers to cut hours for salaried employees.

via Barack Obama poised to hike wages for millions – POLITICO.