As of December 1, 2016, the minimum salary threshold for employees to qualify for overtime pay under federal law increases to $913 per week, or $47,476 annually, doubling the current limit of $455 per week, or $23,660 per year. This means that employers will need to pay overtime to many employees previously defined as exempt—an additional 4.2 million workers nationwide. Opponents believe the new rule goes too far and fails to account for the complexities of the current business ...

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