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March 29, 2024

Today in 1948
“Battle of Wall Street,” police charge members of the United Financial Employees’ Union, striking against the New York Stock Exchange and New York Curb Exchange (now known as the American Stock Exchange). Forty-three workers are arrested in what was to be the first and only strike in the history of either exchange. ~ Labor Tribune

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States File Legal Challenge to Labor Dept.'s Overtime Rule
Updated On: Sep 21, 2016
Sept 21, 2016 | WORKERS' RIGHTS | Officials from 21 states on Tuesday filed a lawsuit claiming the Obama administration rule to extend mandatory overtime pay to more than 4 million workers will place a heavy burden on state budgets. The rule, set to take effect Dec. 1, will require employers to pay overtime to salaried workers earning less than $47,500 a year, double the current threshold of $23,660. Business groups and Republican officials say the rule will force employers to demote salaried workers to hourly positions and create more part-time jobs … reuters.com
 
 
Teamsters Local 355
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