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Today in Labor History

March 29, 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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Updated: Mar. 29 (08:04)

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Dec. 5, 2016  | VIEWS | …The new rules, which were set to take effect yesterday, December 1, would have required employers to pay time-and-a-half the regular rate of pay for each hour worked beyond 40 in a week to any employee paid less than $47,476 a year. Prior to the Obama rule, employees earning as little as $23,660 could be called “executive” or “administrative” and denied overtime pay even if they spent the majority of their workweek scrubbing floors or stocking shelves. There are 12.5 million salaried workers earning between $23,660 and $47,476, and every one of them would be entitled to overtime pay under the new rule… peoples world.org


 
 
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