The Grinch That Stole Labor Day By Greg Palast
In celebration of the working person's holiday, Secretary of Labor Elaine Chao has announced the Bush Administration's plan to end the 60-year-old law which requires employers to pay time-and-a-half for overtime.
I'm sure you already knew that -- if you happened to have run across page 15,576 of the Federal Register.
According to the Register, where the Bush Administration likes to place it's little gifts to major campaign donors, 2.7 million workers will lose their overtime pay -- for a "benefit" of $1.53 billion. I put "benefit" in quotes because, in the official cost-benefit analysis issued by Bush's Labor Department, the amount employers will now be able to slice out of workers' pockets is tallied on the plus side of the rules change.