Dept. of Labor announces proposed rule that would make 1.1 million American workers newly eligible to receive overtime pay beginning in 2020.
“Expanding overtime eligibility will likely have a positive impact on wage growth for workers with lower wages,” said Daniel Zhao, Glassdoor senior economist.
Research from the left-leaning Economic Policy Institute found that, between 2013 and 2017, pay for low-wage workers hasZhao said Glassdoor’s data showed this trend has continued. “Over the past year, we’ve actually seen minimum wage increases translate into very healthy pay growth — over 5 percent — for low-wage workers like cashiers, bank tellers, and baristas,” he said.
Although the rule might not entirely satisfy pro-business or pro-labor interests, Holzer said the Labor Department’s middle-ground approach probably increases the rule’s chance of surviving partisan challenges. “In the end, it will get enough political support to move ahead,” he predicted. Labor market forces could be a tailwind, as well. “With employers already increasing wages to attract talent, the cost to employers for these worker protections may actually be lower than expected,” Zhao said.— could quell pushback from business interests.
“If they’re already having some difficulty hiring or retaining the kinds of workers they want, they’re probably more likely to go along with the overtime increase. The tightness of the labor market matters,” he said.
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