Raising the cap on workers eligible for overtime would boost single moms, as well as black and latino women.
Overtime can make a big difference for people living paycheck to paycheck. And, according to a new report, a single change to the rules about who’s eligible for overtime pay would expand the number of low-wage workers who qualify for that extra pay by a whopping 5.9 million.
Right now, workers may earn no more than $455 per week (or $23,660 per year) in order to be eligible for overtime. But under the new rule change proposed by the U.S. Department of Labor in July, that threshold would go up to $970 per week or $50,440 per year. According to a newreport by the Institute for Women’s Policy Research and MomsRising, the majority of those those newly covered workers would be women.
The report finds that single moms, as well as black and latino women would see the largest benefits—both in terms of the percentage of women gaining OT coverage and the amount that the rule would add to their paychecks.
Read the full story: Fortune »