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It’s been a whirlwind of a week, to say the least. The news that salaried workers in previously exempt administrative and managerial roles making under $43k/year would now be eligible for overtime pay is a game-changer. And the fact that next year, those making under $58k/year will also be entitled to overtime pay is a significant step towards restoring fairness in the workplace. For the first time since the 1970s, the 40-hour work week is being preserved for the middle class, thanks to President Biden’s new overtime rule.
The introduction of the overtime rule is a clear expression of what Biden calls “middle-out” economics, a philosophy that aims to strengthen the middle class and ensure that hardworking individuals are properly compensated for their time and effort.… Continue reading
John Q. Hosedrinker