"Biden administration proposes extending overtime pay to millions of low-paid workers"
The U.S. Department of Labor has proposed a rule that would extend overtime protections to 3.6 million low-paid salaried workers, guaranteeing overtime pay for those earning less than $55,000 per year. The rule aims to restore workers' economic security and ensure fair compensation for long hours worked. The proposal includes updating the salary threshold every three years and extending overtime protections to U.S. territories. The notice of proposed rulemaking will be open for public comment for 60 days before a final rule is published.