Overtime Rule Blocked
A new overtime rule that many believe would change how businesses across the nation would operate has been blocked.
Last night, a federal judge in Texas blocked the U.S. Department of Labor’s overtime rule supposed to take effect on December 1st. The fate of that overtime rule is now uncertain.
With the new rule, the overtime salary threshold would be doubled to slightly over $47,000 meaning, unlike before, any salaried employees making below that will now qualify for overtime pay, this in turn putting more money in the pockets of white collar workers.
Businesses will be forced to raise salaries, cut overtime pay or pay those employees time and a half.
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