This past March, President Obama issued a Presidential Memorandum directing the U.S. Department of Labor to “propose revisions to modernize and streamline the existing overtime regulations” in the Fair Labor Standards Act (FLSA).  This follows on the heels of the president’s statement in his 2014 State of the Union address to that he intended to use his executive authority where possible to advance elements of his economic agenda, including increasing the minimum wage and raising compensation for workers generally.   The...