"last month the Department of Labor took a long overdue step towards addressing income inequality by restoring and strengthening overtime protections for millions of Americans."
"the overtime salary threshold has been allowed to erode so badly that today a worker earning less than the poverty threshold for a family of four still makes too much to be automatically eligible for ..."
"So that anybody making from about $23,000 could get a raise to over $23,000, everybody between 23 and 47 could get to 47 and it would cost you $265,000?"
"No, there would be no overtime because they would be exempt."
"Zero. Is that right, Dr. Bernstein?"
"And so if you have a full-time employee who has already worked 40 hours and a part-time hourly worker who has worked 20 hours and you got to get 10 more hours of work done, if you lay it on the 40-hou..."
"As the gentleman from New York just indicated, in 1938,-- 1938-- Congress established 40 hours as a normal work week."
"After 40 hours, if you work more, you are supposed to get more."
"This new regulation will increase it to 33 percent."
"We have done all that because we think bailouts are bad. But I think we need to rethink what we mean by a bailout."
"There is a data collection effort underway currently where we hope to gain better insight into actually what it is."
"This is correct. One of the techniques we have used to estimate the level of legacy systems is I recently went to some of our key suppliers of network storage computer equipment and asked them to prov..."