On Wednesday, President Barack Obama and Labor Secretary Tom Perez, who’s considered to be a possible pick for the Democratic vice presidency, announced new rules that could result in as many as 2 million Latinos getting overtime pay.
Are you a salaried worker? Do you make less than $47,476 a year?
Then you’re about to get more cash money thanks to President Obama and Labor Secretary Thomas Perez.
If you work more than 40 hours a week and make less than the aforementioned amount, you qualify for overtime.
Your boss will be legally obligated to pay you time and a half for any extra hours you work. Previously, the only salaried people who could claim overtime were those making $23,660.
Here’s how it’ll work:
The overtime rule will benefit as many as 2 million Latinos.
That’s according to the Economic Policy Institute. The new regulations will also benefit as many as 6.4 million women and 4.5 million millennials.
This means that more Latinos will be like this when the direct deposit hits:
What’s that, player? You’re a manager who’s asked to stay after work to take care of the expense reports? Better grab an umbrella because you’re about to make it rain.
Your boss told you that you needed to come in on Saturday? Might as well call you Dunder Mifflin because you’ll be making that paper.
The new rules will go into effect December 1.