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Millions of salaried workers would get overtime pay under Biden administration proposal
Chester
Posted about 16 hours ago
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New Overtime Rule Proposed by Biden Administration
More salaried workers would be eligible for overtime under a proposed rule unveiled by the US Department of Labor on Wednesday.
- Eligibility Expansion: Some 3.6 million salaried workers would newly qualify for overtime pay.
- Salary Threshold: The proposed rule would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.
- Current Threshold: The current threshold is $684 per week, the equivalent of roughly $35,600 a year, which was put in place by the Trump administration in 2019.
- Wage Transfer: The proposed rule would transfer $1.2 billion in wages from employers to employees, mainly from new overtime premiums or pay raises to maintain the exempt status of certain affected employees.
- Automatic Updates: The proposal would automatically update the salary threshold every three years so it keeps pace with earnings changes.
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Government and Business Reactions
- Labor Department Statement:
- "I’ve heard from workers again and again about working long hours, for no extra pay, all while earning low salaries that don’t come anywhere close to compensating them for their sacrifices," acting Labor Secretary Julie Su said in a statement.
- Business Groups Response:
- The Associated Builders and Contractors said that it repeatedly asked the department to abandon or postpone the proposed rule until the economy stabilizes or improves.
- The National Restaurant Association warned that the proposed rule would increase costs for affected restaurants by 2.5% at a time when the average small business restaurant runs on a margin of 3% to 5%.
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Historical Context
- Obama-Era Effort:
- In 2016, then-President Barack Obama asked the Labor Department to overhaul federal overtime rules and raise the salary threshold to about $47,500 a year, or $913 a week.
- Business groups and 21 states sued, and later that year, a federal judge in Texas issued an injunction.
- The Trump administration said in 2017 that it would not defend the rule and later lifted the threshold to the current level of roughly $35,600.
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Source: CNN
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