The new rule would require employers to pay overtime to so-called white collar workers who make less than $55,000 a year.
The Biden administration will propose a new rule Wednesday that would make 3.6 million more U.S. workers eligible for overtime pay, reviving anThe new rule, shared with The Associated Press ahead of the announcement, would require employers to pay overtime to so-called white collar workers who make less than $55,000 a year. That’s up from the current threshold of $35,568 which has been in place since 2019 when Trump administration raised it from $23,660.
Acting Secretary of Labor Julie Su attends a meeting with the Investing in America Cabinet, hosted by U.S. President Joe Biden, at the Roosevelt Room of the White House on May 5, 2023 in Washington, DC. The left-leaning Economic Policy Institute has estimated that about 15% of full-time salaried workers are entitled to overtime pay under the Trump-era policy. That’s compared to more than 60% in the 1970s. Under the new rule, 27% of salaried workers would be entitled to overtime pay because they make less than the threshold, according to the Labor Department.
A group of Democratic lawmakers had urged the Labor Department to raise the salary threshold to $82,732 by 2026, in line with the 55th percentile of earnings of full-time salaried workers.
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