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Economic Effects of Canceling Scheduled Changes to Overtime Regulations
Keith Hall (ad)
The federal Fair Labor Standards Act of 1938 (FLSA) requires employers to provide certain workers with overtime pay when they work more than 40 hours in a week. That overtime pay must be at least 150% of the workerńˇ╗s usual hourly wage. The Department of Labor has issued a rule that substantially raises the salary thresholds below which salaried workers are automatically eligible for overtime pay. The new rule extends the FLSAńˇ╗s overtime requirements to an additional 3.9 million workers. The changesńˇ╗ potential economic impact has raised concerns among policymakers. This report analyzes how canceling the changes before they come into force on December 1, 2016, would affect employers, employees, and family income in the U.S. through 2022. Figures and tables. This is a print on demand report.
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