How reliable are projections from the Department of Labor about the cost of the President’s ambitious new extension of overtime entitlements to salaried workers earning $23,660-$50,440? The “administration refuses to allow others to check its math. The Florida Department of Economic Opportunity, the state agency that I lead, in August requested the specific data and methodology the Labor Department used to calculate its estimates. Our request was denied.” So the department went ahead with its own analysis. “The rule will supposedly cost $2 billion the first year. Our math shows $1.7 billion for Florida alone.” [Jesse Panuccio, WSJ, earlier here, here, here, here, and here]
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