by Mike ‘Mish’ Shedlock
Mish Talk
Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it.
Today, by executive order, Obama doubled the threshold for overtime pay to $47,476 a year.
The Labor Department estimates the ruling will affect 4.2 million workers.
Please consider Obama Administration Extends Overtime Pay to Millions.