I’m having trouble getting outraged about this:
1. If the law say Obama’s minions set the cutoff, it’s a refreshing change for him to be actually following the law and adjusting the cutoff.
2. I have never worked anywhere that didn’t give hourly employees who made more that $26k time and a half for overtime. They either paid overtime without concerning themselves how much someone makes per year or used some sneaky Pete BS to claim everyone was a contractor or something to avoid paying anyone overtime. I have never heard of people who make more than $26k not getting time and a half for overtime, ever.
3. No, I don’t think it would be reasonable to say someone who gets paid between $26k and $52k shouldn’t get time and a half for overtime.
Now, if this means that you can't claim someone is a salaried employee unless they earn more than $52K per year, I could see how that would have a big impact on employers who put lower wage employees on salary to avoid paying overtime.
Otherwise, I don't see the big deal either.
Large chains already pay servers time and a half for over 40 hours. This may affect salaried middle management at many restaurant locations.
I suspect that smaller retail stores and restaurants will feel the brunt of this. It works out to about $12.50/hr.
In small town America, there are many jobs that this may impact.