The Biden administration seeks a threshold of about $55,000 in annual pay under which salaried workers must get overtime, up from $35,500.
Category: Wages and Salaries
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China’s Property Crisis Is Rippling Through the Economy
As a real estate meltdown ripples through the economy, small businesses and workers are owed hundreds of billions of dollars, and new projects have dried up.
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UAW Votes to Authorize Strikes if Negotiations Fail
The vote by workers at General Motors, Ford and Stellantis came as the United Auto Workers union seeks big raises and other gains in contract talks with the three automakers.
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Fed Chair’s Message Is Clear: The Fight Against Inflation Isn’t Over
Jerome H. Powell, the head of the Federal Reserve, struck a resolute tone in a speech at the central bank’s most closely watched conference.
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Giannis Antetokounmpo’s Future in Milwaukee Is Uncertain
The N.B.A. superstar has grand ambitions, as a businessman and basketball player. “I don’t want to be 20 years on the same team and don’t win another championship,” he said.
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In Reversal Because of A.I., Office Jobs Are Now More at Risk
Technology disruption typically affected blue-collar occupations. Now white-collar workers may feel the brunt of changes.
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In a Hot Job Market, the Minimum Wage Becomes an Afterthought
The federal wage floor of $7.25 is increasingly irrelevant when even most teenagers are earning twice that. But what happens when the economy cools?
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UPS Workers Avert Strike by Approving New Contract
The vote by members of the Teamsters union removes a potential threat to the economy.
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American Airlines Pilots Ratify Contract, Offering Big Raises
Strong demand for air travel and a pilot shortage have strengthened the ability of unions across the industry to win gains in pay and benefits.
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As Student Loan Payments Resume, Gen X Struggles to Save for Old Age
The end of the payment pause means Americans in this age group will once again have to juggle paying off debt while trying to save for older age.
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Is More Job Hopping Among Younger Workers a Good Thing?
Repeatedly switching jobs has long been a red flag for employers. That’s changing as Gen Z and younger Millennials embrace the upsides, but downsides persist.