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The New York State Division of Labor units the exempt wage threshold, which is the minimal wage an worker should be paid to be exempt from time beyond regulation pay. For 2023, the edge is $684 per week, or $35,568 yearly. Beginning December 31, 2023 the exempt wage threshold will enhance to $885 per week, or $45,960 yearly, and can rise once more to $1,125 per week or $58,500 per yr on December 31, 2025. Which means that workers who’re paid lower than these quantities should be paid time beyond regulation for any hours labored over 40 in every week.

The exempt wage threshold is essential as a result of it helps to make sure that workers are paid pretty for his or her work. It additionally helps to stop employers from misclassifying workers as exempt so as to keep away from paying them time beyond regulation. Elevating the wage threshold will result in time beyond regulation pay for extra staff within the state of New York.

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