While he has the entire country distracted with the gay marriage ruling, Obama is reportedly planning to bypass congress this week and quietly announce a new executive order that will raise the overtime pay ceiling from $23,600 to $50,440.
According to Conservative Tribune, this means that any employee who received $50,440 or less for working 40 hours a week will receive overtime pay for every additional hour they work. This order is projected to impact over five million American workers.
While Democrats like Sherrod Brown say this is a great way “to give people the on-ramp to the middle class,” Republicans vehemently disagree. House Speaker John Boehner slammed the order, saying it will just make it more “difficult for employers to expand employment.”
“And until the president’s policies get out of the way, employers are going to continue to sit on their hands,” he added.
Evidence shows that Boehner is right: employees do not benefit when the minimum wage is raised. Business owners in Oakland, California reacted to the city’s minimum wage hike by “reducing hours for some employees, terminating others, raising prices and delaying plans for expansion.”
When the same thing happened in Seattle, many previously-successful restaurants were forced to close when labor costs sky-rocketed.
If Obama really wanted to help American workers, he would listen to the experts and ditch this ridiculous order. Unfortunately, Obama is too power-hungry to see this, and we’ll all likely suffer because of it.
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