In this May 13, 2016 file photo, President Barack Obama speak at the White House in Washington. (AP Photo/Carolyn Kaster, File)
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The White House Wednesday announced the extension of overtime pay benefits to 4.2 million American workers labelled managers but compelled to work long hours for relatively low wages.The move addresses a decades-long trend of businesses requiring 50- and 60-hour weeks of a growing body of workers classified as managers and supervisors but paid barely more than those on low hourly wages.The action increases the pay threshold below which employees must be paid overtime wages after working 40 hours a week.Only seven percent of Americans qualify for overtime under the old threshold, the White House said, compared with 60 percent of workers in 1975 who could earn overtime benefits – usually a 50 percent premium on their hourly wages.
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