Lexology cites Trey Kovacs on the Department of Labor's policy objectives behind the overtime pay rule.
There were two policy objectives set forth by the DOL: first, “spread employment..by incentivizing employers to hire more employees rather than requiring employees to work longer hours;” and second, to “reduce overwork and its detrimental effect on the health and well-being of workers.”
Furthermore, the DOL estimates that employers will face an increase in costs of tracking hours of at least $677 million. And, as Trey Kovacs wrote in an opinion piece, “Obama's new overtime rule was never intended to raise your wages.”
Read the full article at Lexology.