Must-Read: Nick Bunker: What will happen if the U.S. overtime threshold is raised?
Must-Read: What will happen if the U.S. overtime threshold is raised?: “President Obama late last week announced…:
… [an] increase the income threshold under which workers are eligible for overtime compensation… [from] $23,660 a year… to $50,400. If the rule is implemented, any worker without management duties making under $50,400 a year would be eligible for overtime if they work more than 40 hours in a week. On its face, this seems like a significant raise for many workers…. [But] currently, the amount of research on the topic isn’t conclusive enough to determine how an almost doubling of the overtime threshold would affect the broader labor market. An individual’s view of the likely results are, at this point, determined by their overall view of the labor market. To get a better understanding, we simply need more research. Hopefully, it’ll be on the way.