"Biden Administration Proposes Overtime Pay for Millions of Salaried Workers"

The US Department of Labor has proposed a new rule that would make around 3.6 million salaried workers eligible for overtime pay. Under the proposed rule, salaried workers earning less than $1,059 a week (approximately $55,000 a year) would be guaranteed overtime pay of at least time-and-a-half. This is a significant increase from the current threshold of $684 per week set by the Trump administration. The proposed rule would also automatically update the salary threshold every three years to keep pace with earnings changes. While the move is aimed at providing overtime protections to lower-paid salaried employees, business groups are pushing back, citing economic challenges and potential cost increases for affected industries like construction and restaurants.