Sustainable Business Leaders Criticize New Roadblock to Overtime Rule
WASHINGTON, DC (November 22, 2016)—The American Sustainable Business Council (ASBC), with a membership network representing more than 250,000 businesses, expressed dismay at today’s ruling by a Texas federal judge, blocking the Labor Department’s overtime rule, set to go into effect on December 1. The following statement is by David Levine, CEO and co-founder of the American Sustainable Business Council:
“The employees who will be hurt the most and the economies that will suffer the most are in the American heartland, where wages are already low.
“We supported the rule because it was designed to help increase incomes for workers – especially those in the middle class. When implemented, it will boost consumer spending, which drives economic growth.
“The groups that brought the suit against the rule are operating from short-sighted, out-moded thinking.
“When employers pay a fair wage, they benefit from more productive, loyal, and motivated employees. That’s good for a business’ bottom line and for growing the middle class that our nation’s economy depends on. High road businesses understand that better compensation helps build a better work culture.
“That’s why ASBC worked throughout the rulemaking process to ensure that the final rule made sense for all businesses. We hope that all businesses will recognize the positive impact this rule can have for them and their workers.”
The American Sustainable Business Council advocates for policy change and informs business owners and the public about the need and opportunities for building a vibrant, sustainable economy. Through its national member network it represents more than 250,000 business owners, executives and investors from a wide range of industries. www.asbcouncil.org