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What is wage theft? Definition and meaning - Market Business News

What is wage theft? Definition and meaning - Market Business News
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California , United-states , Ross-eisenbrey , Economy-policy-institute-vice , Fair-labor-standards-act , Wage-theft-protection-acts , Economy-policy-institute-vice-president ,

Modernizing Overtime Regulations to Benefit Employers and Employees

Modernizing Overtime Regulations to Benefit Employers and Employees
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New Overtime Rules a Boon for Middle-Class Workers

Salaried workers making up to $47,476 annually must receive overtime for hours past 40 per week; prior salary cutoff was $23,660.

United-states , Arkansas , California , American , Melissa-agnello , Ross-eisenbrey , Christine-owens , Eric-cook , National-employment-law , University-of-california-at-los-angeles , Economic-policy-institute , Los-angeles

Liberal Economists Are Caught in a Bind Trying to Sell Obama's Overtime Laws

President Harry Truman once famously quipped: “Give me a one-handed economist! All my economists say, ‘On the one hand, on the other . . .’”

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Wage theft and surplus value: Capitalist greed is unaffordable

Wage theft and surplus value: Capitalist greed is unaffordable
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Who Benefits From the New Overtime Regulations? A Data Analysis ofthe U.S. Department of Labor's Assessment

The new overtime regulation is a welcome and long overdue update,and it has broad implications for the more than 100 million workerswho do not currently receive overtime protections. Nearly 1.3million low-income, white-collar workers would become eligibleunder the new regulation. Additionally, few workers who earnbetween $23,660 and $100,000 per year would be adversely affectedby the new regulation.

Virginia , United-states , Jewell-ridge , America , Jared-bernstein , Kirka-johnson , Ross-eisenbrey , Current-population , Economic-policy-institute-produces-another-flawed , Department-of-labor , See-jewell-ridge-coal-corp , Research-corporation-of-pittsburgh

Salaried Overtime Requirements: Employers Will Offset Them with Lower Pay

The Obama Administration has announced plans to require overtime pay for salaried employees who earn less than $50,440 a year. Economic research shows that employers will offset new overtime costs by lowering base salaries. As a result, these regulations will have little effect on total weekly earnings or hours worked. They will require employers to rigidly monitor salaried employees’ hours. This would proscribe the flexible working arrangements that many salaried employees value. These regulations will limit workplace flexibility without improving pay.

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An Epidemic of Wage Theft Is Costing Workers Hundreds of Millions of Dollars a Year

An Epidemic of Wage Theft Is Costing Workers Hundreds of Millions of Dollars a Year
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