LOADING ERROR LOADINGPresident Joe Biden’s new overtime regulation took effect on Monday, making more U.S. workers eligible for extra pay when they work long hours. AdvertisementThe higher the threshold, the more workers are eligible for overtime pay. The White House estimates that a million additional workers will receive protections this week, and another 3 million will in 2025 when the threshold goes up again. On Friday, a federal judge granted a narrow injunction request, blocking the regulation from taking effect for workers employed by the state of Texas. (Trump issued his own regulation to increase the overtime threshold, but it protected vastly fewer workers than Obama’s.)

Source: Huffington Post July 01, 2024 21:52 UTC