In February of 2015, President Obama called on the Department of Labor (DOL) to update the rules and requirements for retirement advice. The administration stated that its goal would be to end loopholes that allow some advisors to put their own profits ahead of their clients’ best interests. In response to this request, the DOL … Continue reading
Author Archives: Sara Rizik
Proposed Overtime Rule: Overestimated Benefits Fail to Justify Costs
This past summer, the Department of Labor (DOL) unveiled a proposed rule that could provide almost five million new workers with overtime protections. Currently, overtime regulations apply only to those earning $455 or lower weekly. If implemented, this new rule would increase the salary threshold up to $970 a week. This threshold is equivalent to … Continue reading
Labor Force / Politics / Tax
EITC: Improvement Not Disruption
For years, there has been concern over stagnant wages, unemployment, and the persistence of poverty across the United States. Many different remedies have been proposed, and at times implemented, in an effort to improve the U.S. labor market. One of the solutions most vehemently advocated for is the increase of the minimum wage, both on … Continue reading
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