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New overtime rules will help workers, their families, and the economy
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New overtime rules will help workers, their families, and the economy

Author Michael Madowitz explains how the Obama administration's changes to overtime rules can boost wages and grow the economy.

Authors

  • Michael Madowitz

With the pressure of rising costs and lackluster wage growth, middle class and working families are feeling pinched, and have been for some time. And sure as the sun rises in the east and sets in the west, conservatives say that cutting taxes and gutting regulations will fix everything — all while blocking measures to boost worker pay, like raising the minimum wage.

But this week, the Obama administration is taking a big step to put more money in workers’ pockets.

The above excerpt was originally published in MarketWatch. Click here to view the full article.

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Authors

Michael Madowitz

Economist