In celebration of the working persons holiday, Secretary of Labor Elaine Chao has announced the Bush administrations plan to end the 60-year-old law that requires employers to pay time-and-a-half for overtime.
Im sure you already knew thatif you happened to have run across page
15,576 of the Federal Register.
According to the Register, where the Bush administration likes to place its little gifts to major campaign donors, 2.7 million workers will lose their overtime payfor a benefit of $1.53 billion. I put benefit in quotes because, in the official cost-benefit analysis issued by Bushs Labor Department, the amount employers will now be able to slice out of workers pockets is tallied on the plus side of the rules change.
For the rest of the story: http://www.voice4change.org/stories/showstory.asp?file=030901~v4c.asp.