New York Law Journal
In March 2003, the Department of Labor (DOL) proposed first major modifications to the Fair Labor Standards Act (FLSA) in 25 years, intending to satisfy both employers' desires for less ambiguous regulatory requirements with employees’ desires to limit exemptions to high-wage workers, preserving the 40-hour standard workweek, and the statutory right to overtime pay for as many employees as possible. However, the Senate blocked the regulations in September 2003, and many studies suggest this proposal evidences naïve economics. This in-depth article discusses several options and consequences.
