All workers paid hourly are always owed two and a half times their normal rate for working overtime hours. But currently, salaried workers who make over $23,660 a year aren’t guaranteed any extra pay when they put in more than 40 hours a week, a threshold that hasn’t been updated since 1975.
Under final rules announced by the Obama administration on Tuesday evening, however, the cutoff will be increased to $47,476, covering anyone whose pay falls below that threshold starting in December. The administration estimates that the change will extend overtime protection to 4.2 million people — more than half of whom are women and more than half with a college degree — who currently aren’t eligible and raise wages for them by $12 billion over the next decade....
http://thinkprogress.org/economy/2016/05/17/3778943/overtime-final-rule-2/
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