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).

View the underlying data on epi.org.