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Tag: workers

OVERTIME: It’s about time. | U.S. Department of Labor

President Obama says, “The fundamental principle behind overtime pay comes from a Depression-era law called the Fair Labor Standards Act, which helps ensure that workers who put in more than 40 hours per week should generally get paid more for that extra time. I directed Secretary of Labor Tom Perez and the Department of Labor to update and modernize the overtime rules and uphold that principle… It doubles the salary threshold and automatically updates it every three years. The rule takes effect December 1.”

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Robert Reich: This Is the Kind of CEO America Needs More Of | AlterNet

…Hamdi Ulukaya, Chobani CEO, is giving his full-time workers shares of stock worth up to 10 percent of the privately held company’s value… Ulukaya’s announcement raised eyebrows all over corporate America. Many are viewing it as an act of charity. Forbes Magazine calls it one of “the most selfless corporate acts of the year.”….[But] the award isn’t a gift but “a mutual promise to work together with a shared purpose and responsibility.” […]

Robert Reich: This Is the Kind of CEO America Needs More Of | AlterNet was first shared on Aware & Fair

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