House Speaker Paul Ryan criticized the Labor Department's new rule that allows more Americans to receive overtime pay, saying the regulation "hurts the very people it alleges to help."<br /><br />Under the new rules finalized today, those who earn a salary of less than $47,476 a year will automatically qualify for overtime pay of time-and-a-half if they work more than 40 hours a week. Previously, those who earned more than $23,660 were exempt from overtime pay. The new rules will affect 4.2 million workers in the U.S. when they go into effect starting Dec. 1.<br /><br />“This regulation hurts the very people it alleges to help. Who is hurt most? Students, non-profit employees, and people starting a new career," Ryan, R-Wisconsin, said in a statement today. <br /><br />Full story: https://gma.yahoo.com/house-speaker-paul-ryan-committed-fighting-overtime-rule-185537464--abc-news-personal-finance.html<br /><br />SUBSCRIBE<br />http://www.youtube.com/MikeMalloyVideo<br /><br />PLEASE SUPPORT THE MIKE MALLOY YOUTUBE CHANNEL<br />http://tinyurl.com/MalloyChannelDonations
