Biden administration finalizes rule to grant overtime for millions more salaried workers
- The US Department of Labor's new rule will make around 4 million more workers eligible for overtime pay starting in January, resulting in a $1.5 billion income transfer from employers to workers.
- Acting Labor Secretary Julie Su emphasized the importance of fair compensation, stating that the rule will ensure workers are paid accordingly for hours worked over 40 in a week.
- The Biden-Harris administration's final rule raises the minimum salary threshold for time-and-a-half pay after 40 hours of work in a week.
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Leaning Left21Leaning Right2Center60Last Updated9 days agoBias Distribution72% Center
