President Joe Biden speaking to auto workers on a picket line.Evan Vucci/APThe Biden administration issued new rules designed to boost workers' wages and business competition.They aim to raise an overtime threshold, ban noncompetes, and offer refunds for flight delays.The rules, already facing legal challenges, could reshape labor-market dynamics and consumer rights.The Biden administration this week pushed out a slate of rules it says are meant to boost competitiveness and put more money into workers' pockets.There are already challenges to at least one of the rules — but together they could land overtime pay for millions more workers, ban noncompetes that prevent workers from moving into jobs in similar industries, and help people get automatic refunds for delayed or canceled flights."By increasing competition, these rules give workers their fairly earned wages and gives consumers more power to purchase the best option," Lael Brainard, the director of the National Economic Council, told Business Insider.More workers eligible for overtime payUnder the Department of Labor's new rule, many workers who make under $43,888 will be eligible for overtime pay effective July 1.

BING NEWS:
  • A flurry of new rules from the Biden administration attempt to ban noncompetes, boost overtime pay, and increase refunds for delayed flights
    The Biden administration this week pushed out a slate of rules it says are meant to boost competitiveness ... they could land overtime pay for millions more workers, ban noncompetes that prevent ...
    04/26/2024 - 10:13 pm | View Link
  • A flurry of new rules from the Biden administration attempt to ban noncompetes, boost overtime pay, and increase refunds for delayed flights
    The Biden administration issued new rules designed to boost workers' wages ... but together they could land overtime pay for millions more workers, ban noncompetes that prevent workers from ...
    04/26/2024 - 1:00 pm | View Link
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