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user-inactivated · 4196 days ago · link · · parent · post: Obama Will Seek Broad Expansion of Overtime Pay
"Fetish of full employment." More people may be employed, but total labor income share won't change. So he's right, of course, but on the whole it's not something to blindly celebrate and he should know that. What he's actually celebrating is that the meaningless unemployment rate may go down. That isn't "fairly treating" people who work overtime -- it's eliminating overtime from the equation. This is good, except for the people who needed the extra hours, whether they were getting paid more or not, to scrape by.