A recent study has revealed that workplace stress is taking a toll on the health of more individuals than ever before. This alarming finding comes amidst the unveiling of a new rule by the U.S. Department of Labor that aims to extend overtime pay to salaried workers earning less than $1,128 per week.
Previously, only workers earning $684 per week or less were eligible for overtime pay. The new rule is expected to result in an additional $1.5 billion in pay for employees, highlighting the significant impact it will have on the workforce. The rule is designed to uphold the promise to workers that they deserve to be compensated fairly for exceeding 40 hours of work per week, as mandated by the Fair Labor Standards Act.
Starting with those earning less than $844 per week on July 1, the new rule will cover salaried workers who fall below certain thresholds. Despite its positive implications for workers, some industry groups are resisting the change, citing potential harm to operations and the possibility of job cuts.
The American Hotel & Lodging Association, in particular, has expressed strong opposition to the new regulation and is threatening legal action to challenge its implementation. As the debate intensifies, it remains to be seen how this rule will shape the landscape of labor practices in the United States and the impact it will have on the financial well-being of employees.
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