The salary threshold for workers to qualify for overtime pay will double to $47,476 by December 2016, but the new rule has faced opposition
More than four million working Americans could get a bigger paycheck by the end of the year, thanks to a new overtime rule to be finalized by the US Department of Labor on Wednesday.
Previously, only salaried workers who earned below $23,660 were eligible for overtime pay. As of December 2016, that threshold will double and be set at $47,476 a year.
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