are the new overtime rules going to affect you?
President Bush's "flextime" proposal would no longer guarantee time and one-half pay beyond 40 hours, as has been the nation's standard for over 60 years. Instead, employees could receive compensatory time off . They could also be denied overtime if they worked less than 80 hours in any consecutive two week period. But there is a hitch. By doing so they will forfeit the wage premium they would have otherwise received for the excess hours. In effect, this amounts to a wage cut and an incentive for firms to "ask" employees to work longer hours for less pay.
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