Under the new regulation, salaried workers who make up to $47,476 per year will be required to receive time-and-a-half overtime pay whenever they exceed 40 hours per week in the workplace.
While this sounds like a positive step toward protecting hard-working Americans in the labor market, the labor market itself is almost certain to adapt. In doing so, the very Americans who need work the most are likely to find themselves with fewer options – and fewer hours – to do so.
As Andrew Volin, a partner in the Denver office of Sherman & Howard and an expert in wages and compensation, explained to the Denver Business Journal:
“A natural reaction