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Obama expands overtime rules to lift pay for millions
In Columbus, Ohio, Vice President Biden announced new Labor Department rules that raise the salary threshold for overtime eligibility from 23,660 to about 47,500 annually, potentially extending overtime protections to 4.2 million more salaried workers while hourly workers remain largely covered. The rule aims to boost earnings for middle and lower income workers, though some employers warn of increased paperwork and possible shifts to hourly staffing.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
U.S
Obama
Joe Biden
Jeni
Splendid
Biden
White House
Labor Department
David French
Iicent
National Retail Federation
Perez
Nicolas Chaize
Nico
Honolulu
Chaize