On Wednesday, the Department of Labor will finalize a rule that increases the annual salary threshold that determines which workers qualify for overtime pay, the White House announced Tuesday.
The rule will extend overtime protections to 4.2 million more Americans, and will boost wages by $10 billion over the next decade, CBS News reports. The rule will take effect on Dec. 1, and doubles the salary threshold to $47,476 from $23,660 a year. "We're strengthening our overtime pay rules to make sure millions of Americans' hard work is rewarded," President Obama said in a statement. "If you work more than 40 hours a week, you should get paid for it or get extra time off to spend with your family and loved ones." Obama announced the change a year ago, and it will update automatically every three years.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
How Mike Johnson is rendering the House ‘irrelevant’Talking Points Speaker has put the House on indefinite hiatus
-
Lazarus: Harlan Coben’s ‘embarrassingly compelling’ thrillerThe Week Recommends Bill Nighy and Sam Claflin play father-and-son psychiatrists in this ‘precision-engineered’ crime drama
-
Dutch center-left rises in election as far-right fallsSpeed Read The country’s other parties have ruled against forming a coalition
-
Senate votes to kill Trump’s Brazil tariffSpeed Read Five Senate Republicans joined the Democrats in rebuking Trump’s import tax
-
Border Patrol gets scrutiny in court, gains power in ICESpeed Read Half of the new ICE directors are reportedly from DHS’s more aggressive Customs and Border Protection branch
-
Shutdown stalemate nears key pain pointsSpeed Read A federal employee union called for the Democrats to to stand down four weeks into the government standoff
-
Trump vows new tariffs on Canada over Reagan adspeed read The ad that offended the president has Ronald Reagan explaining why import taxes hurt the economy
-
NY attorney general asks public for ICE raid footageSpeed Read Rep. Dan Goldman claims ICE wrongly detained four US citizens in the Canal Street raid and held them for a whole day without charges
-
Trump’s huge ballroom to replace razed East WingSpeed Read The White House’s east wing is being torn down amid ballroom construction
-
Trump expands boat strikes to Pacific, killing 5 moreSpeed Read The US military destroyed two more alleged drug smuggling boats in international waters
-
Trump demands millions from his administrationSpeed Read The president has requested $230 million in compensation from the Justice Department for previous federal investigations
