Just like President Obama has taken executive action on immigration, Hanauer believes the president can and should take executive action to raise the salary threshold for overtime eligibility.
Hanauer’s a billionaire who made his fortune as one of the original investors in Amazon.
Four years ago, my husband and I were 0,000 in debt, with ,000 on credit cards, ,000 in auto loans, and a mortgage of 4,000.
But on October 16, 2015, we wrote a check for ,292, the balance of our mortgage and our last remaining loan, and became officially 100% debt-free.
The current rules are written to benefit wealthy capitalists like him, he admits.
So, you might ask, why does Hanauer care about overtime pay for people who make less, much less, than he does?
“Ironically,” he writes, when “you earn less, and unemployment is high, it even hurts capitalists like me.” That won’t surprise Making Sen$e readers who’ve heard his brand of “middle-out economics.” Closing the income gap wouldn’t just benefit the middle class; a stronger middle class is the source of economic prosperity for everyone, he thinks. caught up with Hanauer in Seattle last spring, where he was pushing for the city to pass a higher minimum wage.
Just as the minimum wage is crucial to improving the economic outlook of low-wage workers, overtime pay is essential to the middle class’s prosperity — and everyone else’s.
She attended classes anyway, hoping to get retroactive credit if she could patch together the money.It’s been 10 years since the state set the threshold for who is poor enough to get the benefit, which is pegged to 2005 income levels.UNIONS REPRESENTING BUS Éireann workers have left Workplace Relations Commissions talks dissatisfied today as management revealed plans to significantly change the structure of the company’s Expressway service.If things had gone her way, she would have been graduating this month, moving a step closer to a doctorate in English and one of her goals of opening an arts center for children.In January, she was among the nearly 200 dorm residents purged from Howard because they owed the university money.