Department of Labor New Overtime Rules

[scottk]

"Last week, the U.S. Department of Labor (DOL) released a new overtime rule that significantly raises the salary threshold for overtime pay eligibility and will automatically increase the threshold over time. The rule complicates a clear legal exemption for executive, administrative, and professional employees."

On July 1, 2024, salaried workers making less than $43,888 will become eligible for overtime pay.
On January 1, 2025, those making less than $58,656 must be paid overtime.

https://www.nfib.com/content/legal-b...your-business/

Given OKC's relatively low costs of living, I am guessing this will greatly impact white collar workers and service industry managers who fall in between the 43k-58k thresholds who are currently salaried.

[The]

Good.

[Snowman]

After some googling, it does not look like the threshold had been changed since mid 2000s. If you look at either that number or the threshold from the 70s (most recent before that), either way they still losing ground to inflation, verses where it was kept around between the 50s-70s when more bumps were done to keep it around the same level.

[citywokchinesefood]

The threshold is still too low, in the hospitality industry especially they work insane hours. A lot of the chef's that operate the restaurants we all love to go out to eat at are working consistent 80 hour weeks or more. In many cases restaurant and hotel managers are in a similar situation. If you work in the front of house in a hotel as a manager, you can and most likely will have a few shifts that you open breakfast and have to close because someone else is sick or out of town. Putting in 18 hours in a single day and potentially needing to get back to the restaurant again at 6am when you get off after midnight is not fun. Larger properties typically have more buffer, but the smaller more boutique concepts can eat people alive if they aren't careful.