The Obama administration made final a long anticipated change to overtime pay that will entitle millions of additional American workers to overtime pay when they work more than 40 hours in a week.
The minimum salary at which a worker can be exempted from time and a half wages for every overtime hour he works will more than double, from $23,660 to $47,476. The threshold was last raised in 2004, during the Bush administration.
"This is a big deal to be able to help that many working people without Congress having to pass a new law," Ross Eisenbrey of the Economic Policy Institute, a liberal advocacy group, told the New York Times. "It's really restoring rights that people had for decades and lost."
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