"Biden Administration Proposes Expanding Overtime Pay to Millions of Workers"

The Biden administration is set to propose a new rule that would expand overtime pay eligibility to an additional 3.6 million U.S. workers, requiring employers to pay overtime to white collar workers making less than $55,000 per year. The rule also suggests automatic annual increases to the salary threshold. Labor advocates have long pushed for stronger overtime protections, which have eroded over the years due to wage stagnation and inflation. The proposed rule could face opposition from business groups, but falls short of demands for a higher salary threshold. If implemented, the rule would impact industries such as retail, food, hospitality, manufacturing, and more.