Last week the Department of Labor announced expanded overtime pay for millions of middle-class workers. People who work more than 40 hours a week and earn salaries of up to about $47,000 a year will now benefit from higher pay for their added hours, up from a cap of about $23,000.
The expansion, which goes into effect in December, is meant to assist a beleaguered middle-class, hard hit by the economic downturn of the last decade. But will this end up costing businesses more than they can afford? The move seems sure to spawn added labor lawsuits. Let's consider.