The Fair Labor Standards Act (FLSA) of 1938 established some of the New Deal’s most important protections for workers. It gave us the 40-hour work week and mandated that working people be paid overtime — at least time and a half — for putting in more than 40 hours a week. Today, FLSA covers about 75 million Americans.
The rationale behind the legislation was that most hourly wage-earners don’t have a lot of bargaining power with their bosses. But it was also assumed that management and skilled professionals did have the clout necessary to
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Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in US taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company’s most recent annual filings with the Securities and Exchange Commission. The amount of money that Microsoft is keeping offshore represents a significant spike from prior years, and the levies the company would owe amount to almost the entire 
