(Washington, DC) -- President Obama is ordering the Labor Department to take steps aimed at giving more Americans overtime pay. The President said those who work extra hours should be fairly compensated. He called it the right thing to do.
Obama argued that many working families are still struggling, despite continued progress in the economic recovery. He also repeated a plea to Congress to raise the minimum wage and pass legislation ensuring "equal pay for equal work."
Obama signed an order directing the Labor Department to reconsider the salary threshold for managers and supervisors that dictates whether they get overtime.
That threshold is currently $455 a week, and hasn't been changed since 2004. That works out to a salary of about $23,000 dollars a year. The rule change would have an immediate impact on retail and fast food businesses. Business groups are opposing the move, saying it could lead to cut pay or job cuts.