Some U.S. workers who don’t get overtime compensation under what’s known as the “white-collar exemption” would be able to collect extra pay under revised regulations President Barack Obama plans to order Thursday, according to a White House economist.
Obama is directing the Labor Department to modify overtime rules so millions more people will be eligible for overtime pay for working more than 40 hours a week, Betsey Stevenson, a member of the Council of Economic Advisers, said.
The overtime requirement would disproportionately hurt smaller businesses, the U.S. Chamber of Commerce said.
“We understand that the administration is looking for ways to put more money in people’s pockets, but the only way to do this is to grow the economy and create more jobs,” Blair Latoff Holmes, a spokeswoman for the chamber, based in Washington, said in an e-mail. “Adding more burdens to employers will not accomplish that goal.”