President Obama's Plan to Give 5 Million More Americans Overtime Pay

      As the President noted in his speech, it's been a good last few days for America. 

     "It's been a good few days for America. On Thursday, the Supreme Court reaffirmed the Affordable Care Act. It is here to stay."

     "And, Democrats and Republicans in Congress paved the way for the United States to rewrite the rules of global trade to benefit American workers and American businesses."

     "On Friday, the Court recognized the Constitutional guarantee of marriage equality. With that ruling, our union became a little more perfect -- a place where more people are treated equally, no matter who they are or who they love."

     "These steps build upon America's steady progress in recent years. Out of the depths of recession, we've emerged ready to write our own future. Our businesses have created 12.6 million new jobs over the past 63 months -- the longest streak on record. More than 16 million Americans have gained health insurance. More kids are graduating from high school and college than ever before."

      "But more work lies ahead, if we are to succeed in making sure this recovery reaches all hardworking Americans and their families."

     http://www.huffingtonpost.com/barack-obama/a-hard-days-work-deserves-a-fair-days-pay_b_7691922.html

    Well said Mr. President. He's right that more work needs to be done. What liberals have to get their arms around is how to make sure the Uber economy which is here to stay like it or not-and I like it a lot myself-is working for workers as well as employers. 

    http://diaryofarepublicanhater.blogspot.com/2015/06/when-i-grow-up-i-want-to-be-like-nick.html

    http://diaryofarepublicanhater.blogspot.com/2015/06/whats-next-for-uber-economy-part-2.html

    An important aspect is to keep wages up in a future labor force where maybe Americans will have more and more employers where they do piece work for them at home. See the above links for some ideas on that. I particularly appreciate the idea of indexing the MW to the local cost of living. 

   The President's new plan for executive action is important in the battle to raise wages as well. In recent years overtime pay has simply disappeared. 

   "We've got to keep making sure hard work is rewarded. Right now, too many Americans are working long days for less pay than they deserve. That's partly because we've failed to update overtime regulations for years -- and an exemption meant for highly paid, white collar employees now leaves out workers making as little as $23,660 a year -- no matter how many hours they work."

    "This week, I'll head to Wisconsin to discuss my plan to extend overtime protections to nearly 5 million workers in 2016, covering all salaried workers making up to about $50,400 next year. That's good for workers who want fair pay, and it's good for business owners who are already paying their employees what they deserve -- since those who are doing right by their employees are undercut by competitors who aren't."

    "That's how America should do business. In this country, a hard day's work deserves a fair day's pay. That's at the heart of what it means to be middle class in America."

      Good job Mr. President. Another fine day in a very consequential presidency. 

      http://diaryofarepublicanhater.blogspot.com/2015/06/barrack-obamas-consequential-presidency.html