New rules announced by Vice President Joe Biden this week redefine when workers qualify for overtime and when they don’t. They will affect some half-million people in New Jersey, mostly in white-collar jobs.
The threshold at which workers are currently exempt from overtime pay is $23,660. If they make less than that and work more than 40 hours a week, their boss has to pay them overtime. But starting December 1, the threshold will be set at $47,476.
According to Christopher Mayer, a labor attorney with McCarter & English, “The industries that are going to be mainly impacted are retail … restaurants, banking, hospitals are going to be heavily impacted; technology companies, mostly startups are going to be heavily impacted, and then nonprofits.”
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