Class warfare.
Politics
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Media owners, CEOs and/or board members
Record profits are stolen wages.
Calling it “the Biden overtime rule” is kind of misleading. The rule was always there: they just tried to change the threshold, plus automatically adjust for inflation
Here’s the thing:
- article points out 2004, and the threshold was about median wage
- Obama attempted to increase but was rejected by court
- Trump increasing by a smaller amount
- Biden attempted to increase but was rejected
Aside from the seeming partisanship in the court, an increase
- was accepted when set to about median wage
- rejected when set noticeably above median wage.
While I agree it’s set way too low and needs to be raised, it’s quite plausible the court decided that too much above median wage is a difference in kind, that should be set by Congress. Maybe if we had a functional Congress …..