WASHINGTON (AP) – President Barack Obama says too many Americans are working long days for less pay than they deserve because of outdated rules on overtime pay.
Obama is unveiling a proposal to require overtime pay for workers who earn nearly $1,000 per week. That’s more than double the current threshold. Obama says it would extend overtime protection to about 5 million workers.
Obama says the proposal is good for workers and good for business owners who pay their employees what they deserve. He says that’s because those companies will no longer be undercut by competitors who are paying workers less.
Obama announced the proposal Monday evening in an op-ed in The Huffington Post. He says he’ll discuss the proposal during a visit Thursday to Wisconsin.