George Gibbs Center for Economic Prosperity

New Over⁠t⁠⁠i⁠me Pay Rule ⁠t⁠o Affec⁠t⁠ More Than 330,000 Flor⁠i⁠d⁠i⁠ans

By: The James Madison Institute / May 19, 2016

The James Madison Institute

George Gibbs Center for Economic Prosperity

May 19, 2016

More than 4 million more workers, including more than 330,000 Floridians, are now eligible for overtime pay.

Only salaried workers making less than $23,000 can be paid overtime, but on Dec. 1 workers making up to $48,000 will make overtime as well.

“For these workers, it's really about paying them (for) the time that they worked,” Denise Diaz of Central Florida Jobs for Justice said.

Labor organizations said the rule will directly help managers in some of Central Florida’s biggest industries, including retail, hospitality and fast food.

Really address the wages that need to be updated as well as the boost that our economy needs to see to create good, solid jobs,” Diaz said.

The U.S. Department of Labor said if employers don’t want to pay out overtime, they can give salaried workers a raise so they’ll be exempt under the new rule, or cut their hours.

Sal Nuzzo, of the James Madison Institute, said he thinks the rule could cost some people jobs.

Employers, entrepreneurs and business owners are going to necessarily have to make adjustments in their hiring, in their wages and in their benefits packages in order to ensure that they can even survive,” Nuzzo said.

The rule says the threshold will be changed every three years based on wage growth.

Article:http://www.wftv.com/news/local/new-overtime-pay-rule-to-affect-more-than-330000-floridians/294097554