The Biden administration on Tuesday announced a new rule that would make millions of white-collar workers newly eligible for overtime pay.
Starting July 1, the rule would increase the threshold at which executive, administrative and professional employees are exempt from overtime pay to $43,888 from the current $35,568. That change would make an additional 1 million workers eligible to receive time-and-a-half wages for each hour they put in beyond a 40-hour week.
On January 1, the threshold would rise further to $58,656, covering another 3 million workers.
“This rule will restore the promise to workers that if you work more than 40 hours in a week, you should be paid for that time,” Acting Labor Secretary Julie Su said in a statement. “So often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. This is unacceptable.”
Yep, and guess how a fast food manager making 65k but has to work 80 hours weeks is going to vote when we say we need to raise minimum wage.
I don’t get how people don’t see this.
The rich will always try to draw the “class warfare line” well below where it needs to be so they have a shot in winning politically.
And the rich aren’t just paying off Republican politicians to accomplish that.