CBS Moneywatch: Millions of U.S. workers could soon qualify for overtime pay

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Millions of U.S. workers could become eligible for overtime pay under an expected federal proposal that would change labor law, but business leaders warn that the additional rules would be costly and burdensome.

For White Castle restaurants, where the average hourly employee makes $9.78 per hour, the company would incur an extra $8 million to $12 million annually, Jamie Richardson, vice president of White Castle Systems, told the House Committee on Education and the Workforce in a hearing on Wednesday.

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