this post was submitted on 30 Aug 2023
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Millions of additional salaried workers could get overtime pay under Biden proposal (www.npr.org)
submitted 2 years ago by btaf45@kbin.social to c/news@kbin.social
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A proposal from the Labor Department would make an estimated 3.6 million salaried workers newly eligible for overtime pay. It covers workers earning less than $55,000 per year.

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[–] Unaware7013@kbin.social 1 points 2 years ago

The National Retail Federation says it's studying the proposed rule, but suggests the increase to a $55,000 threshold is too large.

"The proposed number is significantly higher than the rate of inflation," said David French, the federation's senior vice president of government relations.

Fucking liar, it's well below inflation if you go back far enough. And that's part of the problem, they artificially keep them down, then claim you can't raise it over inflation when you've been keeping the wage increases well below inflation AND massively below productivity increases.