Mid-day Update

PODCAST: Overtime, overworked?

David Brancaccio Mar 12, 2014
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Mid-day Update

PODCAST: Overtime, overworked?

David Brancaccio Mar 12, 2014
HTML EMBED:
COPY

The White House wants to make more Americans eligible for overtime pay. Currently, because of what is referred to as the Fair Labor Standards Act’s “white collar exemption,” many salaried professionals are not entitled to extra pay if they work more than 40 hours per week. Later this week, the president intends to use his executive authority to change those rules. For 2014, which he is calling a “year of action,” he has promised to pursue policy changes that do not involve congress. So whom would this change affect? “People who are defined as ‘supervisors,'” says Gary Burtless, an economist at The Brookings Institution. “They have responsibility over other people besides themselves, a certain amount of independence.”

Plus, it’s hard enough measuring the mainstream economy. A new report from the Urban Institute has attempted to quantify the underground commercial sex economy. Researchers say in 2007 it was worth about $975 million, in just in seven U.S. cities. Curious about the business expenses of pimps? Check out their online feature for further insight. The Institute reports that pimps most often recruit sex workers from their own social circles. But the Internet is changing business. Bill Woolf is a detective with the Fairfax County Police Department in Virginia. He says most scouting and recruitment of victims by traffickers is now done online.

 

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