New Labor Dept. Rule Will Help Workers Earn $1.5 Billion More in Overtime

The Labor Department has unveiled a change to federally mandated overtime policy that promises to enact sweeping pay reform for salaried workers across domestic industries. With this newly announced increase, as of July 1, employers will be obligated to pay overtime to workers on salary who make under $43,888. Eventually, in a second phase in 2025, the minimum will increase so that the overtime...

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