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How will new overtime rule affect the creative economy?

Those working in Hollywood, publishing, and advertising might have a harder time adjusting to the recent overtime rule changes.

By Jack Craver | Updated on May 31, 2016
Photo: Getty Images

Vogue will probably not fold as a result of the Obama administration’s recently unveiled overtime rule, but elite employers in the creative industry are apparently deeply concerned about the threat to what the New York Times calls the “Prada” economy. 

Those who rose to executive positions in Hollywood, publishing, and advertising to make big bucks often started out as lowly gophers, working long hours for little pay. The new rule that requires all employees making below $47,476 a year to get time and a half wages when they work over 40 hours a week threatens that model.

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Jack Craver

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