In a move aimed at bolstering worker protections nationwide, the U.S. Department of Labor has unveiled a significant update to overtime pay regulations under the Fair Labor Standards Act (FLSA). This update comes amidst concerns that the previous salary threshold of $684 per week ($35,568 annually) has not kept pace with inflation, leaving many salaried workers vulnerable to long hours without additional compensation.

Effective July 1, 2024, the new threshold will rise to $844 per week ($43,888 annually), with a further increase to $1,128 per week ($58,656 annually) starting January 1, 2025. These adjustments, phased in over the next few years, are designed to align more closely with current wage trends and economic realities.

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