The Grinch that stole Labor Day

In celebration of the working person’s holiday, Secretary of Labor Elaine Chao has announced the Bush administration’s plan to end the 60-year-old law that requires employers to pay time-and-a-half for overtime.

I’m sure you already knew that—if 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 pay—for a “benefit” of $1.53 billion. I put “benefit” in quotes because, in the official cost-benefit analysis issued by Bush’s 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.

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