The U.S. Department of Labor announced Tuesday a final rule that increases the number of Americans who will be paid overtime for their work.
The rule, which takes effect July 1 and is expected to impact millions of Americans, means that workers making as much as a salary equivalent of $43,888 must receive overtime pay.
On Jan. 1 of next year, that number rises to $58,656. Before the rule change, workers making more than $35,568 were exempt from federal overtime pay requirements.
