The Wall Street Journal: 1.3 million more Americans may become eligible for overtime pay, but it could have been many more

An additional 1.3 million Americans who work more than 40 hours a week would become eligible for overtime pay under a rule proposed Thursday by the Labor Department.

The rule would increase the annual salary threshold that generally determines who qualifies for time-and-a-half pay. It would affect workers and employers in many industries, including retail, fast food, higher education and nonprofits.

The proposed rule — which would raise the salary threshold from the current $23,660 a year to $35,308 — left many employers with a sense of relief, in part because the Trump administration’s proposal sets the threshold far below the $47,476 that President Barack Obama had hoped to institute.

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