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Posts published in June 2024

New Salary Minimum Wage to Impact Four Million Workers

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While there are regular updates to the minimum wage for hourly employees, at least on the state level, changes to the minimum salary for Fair Labor Standards Act (FLSA) exempt employees are not as common. Looking back twenty years ago to 2004, the minimum weekly salary for a FLSA exempt employee was only $445. In 2016, President Obama attempted to double that weekly amount to $913, but a federal judge blocked it just days before it was to take effect. It was ultimately increased to $684, effective January 1, 2020, where it currently stands. As of July 1, 2024, the…