CBS News

7 things to know about the new overtime rule for workers

Hard-working Americans have something to celebrate: Overtime pay will soon be a reality for millions of additional workers.

The Department of Labor is changing the country’s overtime regulations to double the salary threshold to $47,476 a year, which the White House said will provide overtime pay to an additional 4.2 million workers. Some economists believe the rule change will actually help far more people than that. The left-leaning Economic Policy Institute estimates that 12.5 million salaried workers will see a direct benefit.

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