Is it a good idea to expand overtime eligibility?
"President Obama is expected to release this week a long-awaited rule governing overtime that could affect 5 million people as soon as next year, a source familiar with the plans confirmed to NPR," write NPR's Scott Horsley and Yuki Noguchi.
The proposed rule would more than double the salary cap under which most workers would qualify for overtime pay whenever they work more than 40 hours a week, the source said. The cap would be raised from $23,660 to $50,440, and indexed to wage growth or inflation, ensuring the cap would move with the overall economy.
The rule is still subject to a lengthy comment period, and is bound to face opposition from the retail and restaurant industries. Unlike the president's push to increase the minimum wage, though, the overtime rule does not require congressional approval.
Grow the Future of Public Media
MPR's budget year comes to a close on June 30. Help us close the gap by becoming a Sustainer today. When you make a recurring monthly gift, your gift will be matched by the MPR Member Fund for a whole year!