Obama Overtime Rule Will Cost Colleges

The Obama administration’s new overtime rule, issued last week, is an unwelcome interference to businesses around the U.S. It’s also going to have a negative impact on universities. The White House wanted to wave its magic wand and create higher salaries for many Americans who don’t qualify for overtime pay. Such pronouncements, however, often create unintended consequences. That includes the possibility of higher tuition — an impact that goes against President Barack Obama’s mission to make college more affordable.