This op-ed was published on FoxNews.
Texas and 20 other states have announced a lawsuit to block the Obama Administration’s destructive overtime rules, which are slated to go into effect December 1, 2016. With less than 3-months to spare, victory in the case would save businesses and workers across the U.S. from this dehumanizing and economically damaging law.
According to the new rule, salaried workers earning below $47,476 per year must be paid time-and-a-half for work done in excess of forty hours per week. This is up from a previous salary threshold of $23,660. The rule promises more pay for working long hours, more money for lower-income employees and struggling families, and fewer hours for the same pay! Doesn’t that sound wonderful? Unfortunately, that isn’t how it will work out in reality.