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Submitted by Michael Shedlock via MishTalk.com,

Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it.

Today, by executive order, Obama doubled the threshold for overtime pay to $47,476 a year.

The Labor Department estimates the ruling will affect 4.2 million workers.

Please consider Obama Administration Extends Overtime Pay to Millions.

Twenty percent of pensioners over the age of 75 are living below the poverty line, according to a new report published by a charity group for the elderly. Research by Independent Age found that nearly a million older pensioners who lived through the Second World War were much more likely to live in persistent poverty than younger ‘baby boomer’ pensioners. The report suggests the income of those aged over 75 is, on average, £3,000 a year less than younger pensioners. RT reports: The report revealed some 950,000 older pensioners are living in poverty.

First McDonalds, then Wendy's, soon Carl's Jr., and now KFC. The minimum-wage-driven automation of the lower-end of the workforce is accelerating...

Submitted by Nick Bernabe via TheAntiMedia.org,

Colonel Sanders is raising a robot army to serve fried chicken at a restaurant near you. KFC’s first automated restaurant, called Original+, went live in Shanghai on April 25th, complete with an artificially intelligent robot manager named “Du Mi” who works at the front counter.

Submitted by Mike Shedlock via MishTalk.com,

In direct response to higher wage prices and the firming of commodity prices, Wendy’s is going to install self-service ordering kiosks at 6,000 locations. McDonald’s is expected to follow at a slower pace.

Investors Business Daily reports Wendy’s Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food.