Job Creators Network Slams Biden Administration’s Final Overtime Rule

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the Biden administration’s new overtime mandate increasing the pay floor under which employees must be paid overtime by 65% to $58,656:

“The Biden administration’s new overtime rule is the latest Democrat attack on American small businesses whose profit margins are already being squeezed by overregulation, inflation, and high credit costs. What’s more, the rule hurts hardworking employees trying to climb the corporate ladder who will find themselves demoted back to hourly positions so employers can avoid associated overtime costs. This especially hurts those who depend on work ethic rather than fancy educations. The next Republican administration should make it a top priority to reverse this new overtime standard.”