The President’s Weekly Address post is also an Open News Thread. Feel free to share other news stories in the comments.
From the White House – Weekly Address
In this week’s address, President Obama discussed one of the single most important steps to help grow middle-class wages – expanding the number of workers who are eligible for the overtime that they have earned. Every week, millions of Americans work more than 40 hours but do not receive the overtime pay they deserve. This week, the Department of Labor finalized a rule to extend overtime protections to 4.2 million more Americans, which will boost wages for working Americans by $12 billion over the next 10 years. This action will not only mean a better life for more American families, but will also strengthen our economy across the board. The President emphasized that he will continue to build an economy where everyone gets a fair shot to get ahead.
Transcript: Weekly Address: Expanding Overtime Pay
Remarks of President Barack Obama as Delivered
Weekly Address, The White House, May 21, 2016Hi everybody. Last summer, I got a letter from a woman named Elizabeth Paredes from Tucson, Arizona. Elizabeth is the mom of a 3-year-old boy, and an assistant manager at a sandwich shop. She earns about $2,000 a month, and she routinely works some 50 hours a week, sometimes even more. But because of outdated overtime regulations, she doesn’t have to be paid a dime of overtime.
She wrote: “It’s not easy work and requires a lot of time away from my son… at times I find [it’s] not worth it.”
Things like the 40-hour workweek and overtime are two of the most basic pillars of a middle class life. But for all the changes we’ve seen in our economy, our overtime rules have only been updated once since the 1970s. Just once. In fact, forty years ago, more than 60 percent of workers were eligible for overtime based on their salaries. But today, that number is down to seven percent. Only seven percent of full-time salaried workers are eligible for overtime based on their income.
That’s why this week, my Administration took a step to help more workers get the overtime pay they’ve earned. The Department of Labor finalized a rule to extend overtime protections to 4.2 million more Americans. It’s a move that will boost wages for working Americans by $12 billion over the next 10 years. We’re more than doubling the overtime salary threshold. And what that means is, most salaried workers who earn less than about $47,500 a year will qualify for overtime. Or, their employers can choose to give them a raise so that they earn more than $47,500. Or, if employers don’t want to raise wages, they can let them go home after 40 hours and see their families or train for new jobs. Any way you slice it, it’s a win for working families. And we’re making sure that every three years, there will be an automatic update to this threshold – so that working families won’t fall through the cracks for decades at a time ever again.
This is the single biggest step I can take through executive action to raise wages for the American people. It means that millions of hardworking Americans like Elizabeth will either get paid for working more than 40 hours, or they’ll get more time with their families. Either way, they win. The middle class wins. And America wins.
We still have more work to do to make sure this economy works for everybody, not just those at the top. That’s why I’ll never stop fighting for as long as I hold this office – to restore the sense that in America, hard work should be rewarded with the chance to get ahead.
Thanks everybody. Have a great weekend.
Bolding added.
~
This fact underscores that the change is an updating of an existing rule rather than “executive overreach” as the Republicans are screaming:
It was never meant to create a permanent class of wage slaves but had merely not been updated. Indexing wage laws to inflation makes perfect sense.
Thank you, President Obama!
Also this week, the president signed a law allowing the remains of women who served in WASP to be interred in Arlington National Cemetery.
From NPR:
Women’s contributions have never been recognized. I read a whole novel about the women in the USA who took over ferrying newly built aircraft to Air Force bases. Sexism and racism have permeated this country since its birth.
I hope the rule is changed so women pilots can be buried at Arlington Cemetery. It’s a beautiful, peaceful place. Humbling and saddening, as is the American cemetery in Normandy.
The rule was changed! (Sorry my post wasn’t clear). Congress passed it (probably because a Republican sponsored the bill) and President Obama signed it yesterday.
I have been to Arlington National Cemetery. The feeling one gets – walking among the gravesites, seeing the monuments – simply can’t be captured with words. My daughter studied the Vietnam War in history this year and having seen the Vietnam Memorial a couple of years ago made it connect better. Some people I was in high school with went to that war and some died. It was the last war that touched every American because it was the last war that required every American to put some skin in. I wish our current wars included that element because it is too easy to commit troops when it is “someone else” who will be making the ultimate sacrifice.
New Nutrition label unveiled!
From the White House:
Nutrition Facts Label
That is so great. I’ve been having to cobble together nutritional information from a variety of sources, many of which are over 30 years old and I have no idea how accurate they are (based on more recent research). Also, since I don’t eat 2000 calories a day, trying to jack around with figuring out how much of what I needed I was actually getting was a real pain. Cheers for Michelle Obama and the reality-based party!
From the Trumphole:
Jan, thanks for the post re overtime pay. Of course, Paul Ryan is vowing to “fight it.” Always on the side of the oligarchs, our Paulie!
Oh, how I WISH the Dems would retake the house and Nancy Pelosi would once more be Speaker! Can you imagine how it would be to have a woman as Speaker of the House again? The Speaker is third in line for the presidency should anything happen, Goddess forbid, to the president and veep!
I have been nervous about presidential succession since the 2014 election. A Republican president and a Republican Congress would undo 100 years of progress in the blink of an eye. And Paul Ryan is a sociopath. I don’t know if we can take back the House in 2016, we really dug a hole for ourselves, but it will happen. And when it does I hope Nancy Pelosi is still in line for the speakership.
From the campaign trail: NRA – “This time it really will happen!!” …
Meanwhile, in Fort Lauderdale: Hillary “I will not pander to the gun lobby”