In this week's address, President Obama discussed one of the single most important steps to help grow middle-class wages – expanding the number of workers who are eligible for the overtime that they have earned. Every week, millions of Americans work more than 40 hours but do not receive the overtime pay they deserve.
This week, the Department of Labor finalized a rule to extend overtime protections to 4.2 million more Americans, which will boost wages for working Americans by $12 billion over the next 10 years. This action will not only mean a better life for more American families, but will also strengthen our economy across the board. The President emphasized that he will continue to build an economy where everyone gets a fair shot to get ahead.