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.”
Or just not exempt anyone from overtime?
If you’re a “manager” and making less than 100k, you’re not the problem. You’re likely someone who busted their ass for decades already.
But it doesn’t matter who it is, if you work overtime you should be paying for it.
All means testing does, is split support for it.
It also makes it more expensive to implement, because there is bureaucratic labor involved in compliance.