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The Labor Department says as many as 107,000 workers could lose overtime eligibility under its new rules, but about 1.3 million will gain it. The Economic Policy Institute, a liberal Washington think tank, says 6 million will lose, and only a few will get new rights to premium pay for working more than 40 hours a week.
"It's absolutely true that it's been much more of a political issue than it should have been," said Michael Eastman, U.S. Chamber of Commerce's labor law policy director. "It's been on the regulatory agenda since the Carter administration. It shouldn't be this controversial."
"We wanted clarity and we wanted reduced litigation," Eastman said. "Business was willing to accept some increased labor costs in order to get it."
Probably take him all that time to learn the words of his speech!!!