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The U.S. Department of Labor rule will require employers to pay overtime premiums to workers who earn a salary of less than $1,128 per week, or about $58,600 per year, when they work more than 40 ...
Starting July 1, employers of all sizes will be required pay overtime — time and a half salary after 40 hours a week — to salaried workers who make less than $43,888 a year in certain ...
The Biden administration proposed a new rule Wednesday that would make 3.6 million more U.S. workers eligible for overtime pay, the most generous such increase in decades. Labor advocates and ...
CBS News 24/7 (formerly known as CBSN and the CBS News Streaming Network) is an American streaming video news channel operated by the CBS News and Paramount Streaming divisions of Paramount Global. Launched on November 6, 2014, it features blocks of live, rolling news coverage, original programs, as well as encore airings of CBS News television ...
The bill would have amended the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two-year period. [78] The bill was strongly supported by President Barack Obama and many of the Democratic senators, but strongly opposed by Republicans in the Senate and House.
The Fair Labor Standards Act of 1938 requires a federal minimum wage, currently $7.25 but higher in 29 states and D.C., and discourages working weeks over 40 hours through time-and-a-half overtime pay. There are no federal laws, and few state laws, requiring paid holidays or paid family leave.
According to the United Farm Workers(UFW), the sponsors of the bill, the initial exclusion of farmworkers from the wage protections and maximum hour requirements set out in the Fair Labor Standards Act is part of our "country's shameful legacy that initially targeted African Americans who were farmworkers in the 1930s. [13] Supporters of the Bill:
(Reuters) -Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election.