The Biden administration on Tuesday announced a new rule that would make millions of white-collar workers newly eligible for overtime pay.
Starting July 1, the rule would increase the threshold at which executive, administrative and professional employees are exempt from overtime pay to $43,888 from the current $35,568. That change would make an additional 1 million workers eligible to receive time-and-a-half wages for each hour they put in beyond a 40-hour week.
On January 1, the threshold would rise further to $58,656, covering another 3 million workers.
“This rule will restore the promise to workers that if you work more than 40 hours in a week, you should be paid for that time,” Acting Labor Secretary Julie Su said in a statement. “So often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. This is unacceptable.”
Damn Biden’s on a roll.
What other note worthy announcements have come out lately? Not being sarcastic, I’m out of the loop.
Federal restrictions on anti-trans ‘bathroom laws’ in schools, banning noncompete agreements in most jobs, lots of various industry-specific regulations, probably some I’m forgetting.
Oh shit I hadn’t heard of those. The bathroom laws I’m particularly excited for. Thank you!
