After President Obama declared that more workers be eligible for overtime pay, Atlanta Mayor Kasim Reed weighed positively on the decsion.
The Obama administration announced the publication of the Department of Labor’s final rule updating overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation.
“Today, the Department of Labor has taken a significant step in addressing inequity in our nation’s overtime pay rules. The new rule to expand overtime protections for millions of Americans is a clear victory for working families, including many here in the City of Atlanta. Because of President Obama’s commitment and action on behalf of American workers to double the salary threshold under which most salaried workers are guaranteed overtime, thousands of working parents in our city and as many as 4.2 million workers nationwide will now receive the compensation that they earn and deserve,” Reed stated.
“This rule will boost wages by $12 billion over the next decade, helping to grow and strengthen our country’s middle class and enhance our local economy. At the same time, the new protections will come at minimal cost to the business community.
“I am proud to support President Obama and Secretary Perez in this effort.”