Salaried workers making under $55,000 a year would be guaranteed overtime pay under the proposed rule.
Salaried workers over the threshold would still not be guaranteed pay for overtime work under the new rule. Most hourly workers are already granted overtime protections, regardless of salary level.proportion of salaried workers guaranteed overtime pay from 15 percent, as estimated by the Economic Policy Institute, to 27 percent, according to labor officials.
Progressive and Democratic lawmakers have been calling for the Biden administration to raise the overtime salary threshold for years. A year ago on Wednesday, the Congressional Progressive CaucusBiden to raise the overtime threshold to the 55th percentile of full time salaried workers, or $82,732, by 2026.
This would bring the threshold up to match and even exceed the salary limit of $5,200 that was originally set when it was first established in 1949 — a salary worth over $65,000 today.“The overtime threshold has not been properly updated for nearly 50 years, robbing millions of workers of their basic wage and hour rights under the Fair Labor Standards Act,”
Heidi Shierholz, Economic Policy Institute President and former chief economist at the Labor Department. “This proposal is a crucial step in creating a stronger, fairer economy.”It’s no secret that it’s a tough time for independent journalism.From small, local publications to large, well-known industry giants, no one is immune to this sea change.. Every single gift to our organization makes it possible to pay our incredible journalists and our small team of hardworking staff.
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