The Biden Administration to Implement Overtime Pay for Millions of Workers by Default

The Biden administration proposes overtime pay for salaried workers earning around $55,000 or less annually, exceeding the current $35,568 threshold. The plan aims to add 3.6 million more workers to eligibility. The rule suggests automatic adjustments every three years based on earnings data, with an initial implementation cost of $1.2 billion for employers. While supporters highlight improved workers’ rights, critics argue it will raise the cost of doing business. The proposal faces a regulatory process, potential legal challenges, and varying opinions on its impact on businesses and the modern work landscape.