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The Department of Labor’s new overtime rule significantly increases the number of people who qualify for time-and-a-half pay for any hours they work beyond 40 in a week.
Here is how the new rule will affect workers in Louisiana:
Share of salaried workforce directly benefiting: 24.5%
Number of people directly benefiting:174,000
Share of total salaried workforce covered under new threshold:40.8%
Today the Obama administration and Secretary of Labor Tom Perez unveil a new rule that expands eligibility for overtime pay. The new regulations increase the income threshold below which salaried workers must be paid time-and-a-half for hours worked over 40 per week.
President Obama and Secretary of Labor Tom Perez announce new overtime regulations.
This morning, John Bel Edwards was sworn in as Louisiana’s 56th governor. While not minimizing the state’s significant fiscal challenges, Gov. Edwards understands that the state’s economy and prosperity cannot improve without improving the lives of its working families.
“In Louisiana, 1 in 4 school-aged children live in poverty. That’s unacceptable and it MUST change.
It’s unacceptable when a parent’s hard work isn’t enough to pay the bills or go to a doctor. I’ve traveled from Algiers to Zwolle and met countless single mothers working for minimum wage behind a cash register at a gas station. Often, it’s one of several jobs they have, and they still battle to make ends meet. The faces are different, but their struggles are the same.
On top of not paying our workers a living wage, women in Louisiana make an average 66 cents on the dollar compared to men. We are the worst state in the union for pay equity. That is unacceptable. Not just for my daughters, but for all women.”
Pledging that “[w]e must make it possible for all Louisiana citizens to be healthy and prosperous,” Gov. Edwards will seek to expand Medicaid to enable many of the state’s working families access to healthcare under the Affordable Care Act. He also called for an increase in wages and for wage equity in the state.
The full text of Gov. Edwards’ speech may be read here.