A new study from a free market think tank suggests that employers will not respond well to a proposed overtime rule by the Obama administration.
The report from the Mercatus Center at George Mason University says that employers will likely cut wages and hours if the federal government raises the threshold at which an employee can be exempt from mandatory overtime pay from $23,600 annually to $50,440.
Employees whose hours or pay have been cut will react by taking on second jobs, the report predicts.
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