The wage threshold is the minimal wage that an worker have to be paid as a way to be exempt from time beyond regulation pay. The wage threshold was set at $23,660 in 2004 and has not been up to date since then. In consequence, many employees who’re at the moment categorised as exempt are literally eligible for time beyond regulation pay.
The Division of Labor has proposed updating the wage threshold to $50,440. This replace would make greater than 1 million employees eligible for time beyond regulation pay. The proposed replace has been met with blended reactions. Some companies assist the replace, arguing that it’s going to assist to make sure that employees are paid pretty. Others oppose the replace, arguing that it will likely be too expensive for companies.
