May 20, 2016
The Obama Administration has handed down a mandate, extending overtime protections to millions of American workers. These new rules, finalized this week, prevent companies from denying pay based on salary.
Supporters say this is about leveling the playing field and enforcing fair compensation, but others say they’re worried about the impact on small businesses. Critics say this could add pressure on companies in a skittish economy, and ironically end up hurting workers.
Michael Cassidy, president and CEO of the Commonwealth Institute for Fiscal Analysis, has praised this measure. He says new overtime protections mean about 120,000 Virginia workers will directly see a boost in how much they make.