President Obama this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated.
On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others whom many businesses currently classify as “executive or professional” employees to avoid paying them overtime, according to White House officials briefed on the announcement.
Mr. Obama’s decision to use his executive authority to change the nation’s overtime rules is likely to be seen as a challenge to Republicans in Congress, who have already blocked most of the president’s economic agenda and have said they intend to fight his proposal to raise the federal minimum wage to $10.10 per hour from $7.25.
Mr. Obama’s action is certain to anger the business lobby in Washington, which has long fought for maximum flexibility for companies in paying overtime.
Class warfare from a guy who just returned from a luxury golf vacation and then immediately went to New York for a $32,500 per plate fundraiser Tuesday night. Of course all this will do is eliminate jobs, but let’s not quibble with the details when you’ve got businesses to punish. If we didn’t know any better we’d think this guy is anti-business.
Conservatives criticized Mr. Obama’s impending action. “There’s no such thing as a free lunch,” said Daniel Mitchell, a senior fellow with the Cato Institute, who warned that employers might cut pay or use fewer workers. “If they push through something to make a certain class of workers more expensive, something will happen to adjust.”
The move was hailed by Obama zombies:
— Greg Greene (@ggreeneva) March 12, 2014
Sure it is. Good luck paying for you ObamaCare when you’re laid off from your job thanks to Obama forcing your employer to pay you more. Anyone who thinks businesses simply won’t eliminate overtime is living in a fantasy world.