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Biden rule grants overtime pay to 4 million US workers
The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers‚ going even further than an Obama-era rule that was struck down in court.
The U.S. Department of Labor rule will require employers to pay overtime premiums to workers who earn a salary of less than $1‚128 per week‚ or about $58‚600 per year‚ when they work more than 40 hours in a week.
The current salary threshold of about $35‚500 per year...