4.5 million millennials will directly benefit from the new overtime rule: Number of workers age 16–34 covered under old and new overtime salary threshold, 2016
| Covered under old threshold | Covered under new threshold | |
|---|---|---|
| Old threshold | 2,001,000 | |
| New threshold | 2,001,000 | 4,535,000 |
Note: The sample reflects salaried (nonhourly) workers who are subject to the Fair Labor Standards Act (FLSA). This excludes certain groups of workers such as the self-employed, most federal workers, religious workers, many agricultural workers, and many transportation workers. The estimates consider all the workers who directly benefit from the federal salary threshold increase alone, and do not include a subset of salaried California and New York workers already covered by state thresholds higher than the old federal threshold.
Source: EPI analysis of the U.S. Department of Labor's proposed (July 6, 2015) and final (May 18, 2016) rule, "Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees," 29 CFR Part 541; and Current Population Survey Outgoing Rotation Group microdata, 2015