Proposed legislation would raise the minimum salary for exempt employees from $23,660 to $50,440. This means employees making less than $50,440 must be paid overtime for any hours worked in excess of 40.
The Department of Labor Website says, "The rules that establish which workers are exempt from overtime pay haven’t kept up with the cost of living. Today, certain professionals and managers are exempt from overtime if they make more than $23,660 a year and perform specific duties. This is less than the poverty threshold for a family of four."
It goes on to say, "President Obama directed the Labor Department to update the regulations regarding who qualifies for overtime protection, ensuring hard work pays for more Americans".