Business groups are crying foul over the news that President Obama wants to expand overtime rights to millions more workers. It’ll cost jobs to force businesses to spend more on paying time-and-a-half, they say. The costs of hiring a worker go beyond just the wages people are paid — there are 401(k)s to fund, health insurance premiums to help cover and equipment to buy for each employee.
Reported by Washington Post 10 hours ago.
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