Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
New overtime rule covers fewer workers than Obama version
Share Now on:
Based on a new Trump administration rule set to kick in on January 1, 2020, more than a million additional workers will soon be eligible for paid overtime. The Department of Labor finalized a rule on Tuesday that will require companies to pay overtime when people making less than $35,568 a year in salary work more than 40 hours a week. The current cut off is about $24,000.
Business groups, like the U.S. Chamber of Commerce, called the new rule “balanced and responsible.” But things could have gone differently. A 2016 rule from the Obama administration would have raised that threshold even higher, to $47,476, which worker advocates say would have covered 3.2 million workers.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.