“Well, they did it. The Obama Administration has proposed a new rule that everyone has to punch a time clock unless they are paid at least $921 a week. … This is a law written by salaried professionals telling younger and lower-paid workers that they have no right to be … salaried professionals.” [Coyote, who also has a few words on the arbitrariness of the Department of Labor’s threshold calculations, and on how DoL implicitly realizes that employers will adjust payroll practice to employees’ detriment, the biggest losers being upwardly mobile strivers.] Short-term benefits for some workers will melt away as employers redesign jobs to avoid overtime, reduce base pay, or lay off staff [Jeffrey Miron, Cato] “Unfortunately, it appears that the White House has given up on economic growth” [Douglas Holtz-Eakin] More: Iain Murray, National Review; Marianne Levine, Politico; W$J; Doug Hass/Wage Hour Insights; Detroit News editorial. My two cents earlier here and generally here.