Overtime pay to expand to millions of U.S. workers
By Jeanne Sahadi, CNN Money
Starting later this year, millions more workers will become eligible for overtime pay.
Under a new rule announced by the White House Tuesday, anybody making a salary of less than $47,476 ($913 a week) will automatically qualify for overtime pay when they work more than 40 hours a week.
That’s roughly double the $23,660 threshold (or $455 a week) that’s currently in place.
The change — which has been criticized as too drastic by many employers — will go into effect on Dec. 1, 2016.
