Obama Pushes for Overtime for salaried low-income Managers

The national push for increasing the minimum wage for hourly workers received an extra boost by President Barack Obama this week after he proposed that companies pay 1 1/2 times the regular pay of managers, who are usually ineligible for overtime, for any work beyond 40 hours.  The proposal is aimed at helping low-income workers in the fast food and retail industries who, on average, work more than the typical 40-hour work week and are uncompensated for their extra hours due to a federal loophole which allows employees to not pay overtime so long as they compensate their employees wi...