allen schnitzer will start december 1st and will join the board of directors as well. shares were little changed in initial afterhours trading. during regular trading, it was $106.63. >>> no shock, american's incomes have increased and they pack about the same purchasing power as in 1979. in june, the white house announced plans to expand by nearly 5 million people the number of salaried workers eligible to receive overtime pay. the proposal would make salaried workers earning less than about $50,000 a year eligible for that extra pay and that move is a controversial one. former labor secretary robert rice wrote an open letter urging companies not to delay these pay raises. mr. rice served under president clinton and is currently an economic professor at the university of california berkeley joining us along with jerry howard, ceo, association of national home builders which opposes the raise in the overtime threshold. gentlemen, welcome to you both. >> thank you. >> let me begin with you, jerry, if i might. this overtime threshold has been raised once, as i understand

allen schnitzer will start december 1st and will join the board of directors as well. shares were little changed in initial afterhours trading. during regular trading, it was $106.63. >>> no shock, american's incomes have increased and they pack about the same purchasing power as in 1979. in june the white house announced plans to expand by nearly 5 million people the number of salaried workers eligible to receive overtime pay. the proposal would make salaried workers earning less than about $50,000 a year eligible for that extra pay and that move is a controversial one. former labor secretary robert rice wrote an open letter urging companies not to delay these pay raises. mr. rice served under president clinton and is currently an economic professor at the university of california berkeley joining us along with jerry howard ceo, association of national home builders which opposes the raise in the overtime threshold. gentlemen, welcome to you both. >> thank you. >> let me begin with you, jerry, if i might. this overtime threshold has been raised once as i understand it