The total annual wages workers will lose under the Trump overtime rule will grow to $1.8 billion in the first 10 years of implementation : Projected wages workers lose under the Trump overtime rule relative to the 2016 rule in the first 10 years of implementation of the Trump rule
Projected standard threshold under the 2016 rule | Standard threshold under the 2019 rule | Wages lost under the 2019 rule relative to the 2016 rule | Total wage increase under the 2016 rule | Total wage increase under the 2019 rule | |
---|---|---|---|---|---|
2020 | $51,064 | $35,568 | $1,431,100,000 | $1,787,200,000 | $356,100,000 |
2021 | $51,064 | $35,568 | $1,334,500,000 | $1,606,000,000 | $271,500,000 |
2022 | $51,064 | $35,568 | $1,246,300,000 | $1,477,100,000 | $230,800,000 |
2023 | $55,055 | $35,568 | $1,579,900,000 | $1,770,700,000 | $190,800,000 |
2024 | $55,055 | $35,568 | $1,459,000,000 | $1,632,400,000 | $173,400,000 |
2025 | $55,055 | $35,568 | $1,360,300,000 | $1,504,200,000 | $144,000,000 |
2026 | $59,098 | $35,568 | $1,663,800,000 | $1,798,500,000 | $134,700,000 |
2027 | $59,098 | $35,568 | $1,560,800,000 | $1,687,000,000 | $126,200,000 |
2028 | $59,098 | $35,568 | $1,473,600,000 | $1,595,800,000 | $122,200,000 |
2029 | $63,346 | $35,568 | $1,826,900,000 | $1,938,300,000 | $111,400,000 |
Notes: Subtotals may not add up to totals due to rounding. Following the methodology used by the U.S. Department of Labor, the estimates include all workers affected by the federal salary threshold increase, and do not account for higher state salary thresholds. Calculations account only for wage increases of workers with new protections (i.e., they do not account for workers with strengthened protections).
Source: EPI analysis of pooled Current Population Survey Outgoing Rotation Group microdata, 2016–2018, following the methodology used in the U.S. Department of Labor’s 2019 final rule, “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees,” 29 CFR Part 541 (published September 24, 2019).