Rethinking Overtime
Today, some 3.3 million salaried workers across the US retail and restaurant industries can be exempted from the right to receive overtime pay because they earn at least $455 per weekâthe so-called overtime threshold. The Department of Labor is currently preparing a proposal that would change the rules that govern overtime payment.
To better understand the effects of these changes, Oxford Economics conducted an analysis using three possible modifications of the overtime regulationâraising the wage threshold to $610, $808, and $965 per week. This report explores the effects on the retail and restaurant industries under these three scenarios.
About the National Retail Federation
NRF is the worldâs largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. To find out more, please go to www.nrf.com.
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