CNBC: New overtime regulations to hit Main Street; Minimum wage prospects
By Kate Rogers
CNBC, June 30, 2015
As advocates work to raise the federal minimum wage, the Obama Administration is taking action where it can to fight income inequality. President Barack Obama late Monday introduced a proposal to extend overtime payment to more white-collar workers. Obama unveiled his plan to extend overtime protections to nearly 5 million workers in 2016. ...
The current federal minimum wage is $7.25 an hour.
Beyond smaller employers, some of America's largest businesses already have raised wages above $7.25 an hour, the federal minimum.
The Gap announced hikes for workers...