The share of workers who receive overtime pay has seen big drops over the years. Currently, only workers making below $23,660 per year are eligible for overtime pay. According to the Economic Policy Institute, that is below the poverty threshold for a family of four. This threshold has not been updated since 1975, meaning 4 decades of inflation have caused the share of workers eligible for overtime to gradually decrease.

BING NEWS:
  • How changes to ‘noncompete’ agreements and overtime could affect workers
    For millions of American workers, the federal government took two actions this week that could bestow potentially far-reaching benefits.
    04/25/2024 - 11:51 pm | View Link
  • State agency tasked with fighting wage theft rarely sides with workers
    Wage theft is when an employer fails to pay workers overtime, withholds their tips, or even entire paychecks. Advocacy groups claim it costs employees billions ...
    04/25/2024 - 9:00 am | View Link
  • How US workers could be affected by changes to 'noncompete' agreements and overtime pay
    The rules vary by state. In Florida, one medical sales worker was barred ... Starting July 1, employers of all sizes will be required pay overtime — time and a half salary after 40 hours a week — to ...
    04/24/2024 - 2:32 pm | View Link
  • More than 4 million salaried workers made eligible for overtime pay
    Starting July 1, workers making $43,888 or less per year will be eligible for overtime pay. After Jan. 1, 2025, any salaried employee making $58,656 or less per year will be made eligible. The ...
    04/24/2024 - 1:58 pm | View Link
  • Biden Administration Finalizes Overtime Rule
    The updated regulation will require colleges and universities across the country to either raise staff salaries to $58,656 or grant them overtime pay by Jan. 1, 2025.
    04/24/2024 - 10:38 am | View Link
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