4.2 million Americans lose overtime pay and Republicans rejoice the victory for small businesses

[workinclasszero]

4.2 million Americans lose overtime pay and Republicans rejoice the ‘victory’ for small businesses
Some critics on social media are saying the move ‘Makes America Unpaid Again’
Rachael Revesz New York @RachaelRevesz Tuesday 22 November 2016

Republicans are jubilant after a federal judge granted a preliminary injunction to president Obama’s overtime pay rule, dashing hopes for millions of Americans who would have benefitted from being paid overtime.

The most significant intervention from the president on wages - set to start 1 December - is now in jeopardy, after he failed to persuade congress to raise the minimum wage from $7.25 per hour.

The extra pay would have aided 4.2 million Americans - many of whom would have voted for Donald Trump - as it doubled the threshold of eligibility for overtime pay for people who earn an annual salary to $47,476 and work more than 40 hours per week.

http://www.independent.co.uk/news/world/americas/overtime-pay-president-obama-congress-small-business-commerce-42m-americans-paul-ryan-donald-trump-a7433096.html

[Historic NY]

1. A Small business isn't exactly what you think....small

https://www.sba.gov/contracting/getting-started-contractor/make-sure-you-meet-sba-size-standards/summary-size-standards-industry-sector