Judge issues injunction on U.S. overtime pay rule for staff

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A rule set to go into effect in December that would have entitled millions of American workers to overtime pay has been been blocked by a federal judge.

Standing to affect workers in retail and beyond, the rule change is now in uncertain territory with an incoming Trump administration taking over the Labor Department from January. Trump has previously described the proposed law as an overreach by the Obama Administration.

If it were to still go ahead, the overtime legislation would have boosted the minimum annual salary expectation that has been enforced by employers to avoid overtime costs. At present, that minimum stands at $23,600, though could raise to $47,476, should new legislation go through. In this scenario, anyone earning less than the updated minimum would have been eligible for time-and-a-half overtime pay for working weeks topping 40 hours.

Read more here.

How else might a Trump Presidency affect the bicycle business? CI.N analysed some potential outcomes here. 

 

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