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The Biden administration is expanding overtime protections to over one million Americans earning below the country’s median individual salary.

President Biden announced on Monday that his new executive action will extend protections to workers earning less than $43,888 annually. According to a readout, if re-elected, Biden said he would aim to increase the threshold to $58,656 annually, helping roughly 3 million more people.

The new overtime extensions, effective immediately, originate from a rule finalized in April under the Fair Labor Standards Act, based on an updated calculation by the Labor Department. Acting Labor Secretary Julie Su indicated that this rule change will be updated every three years starting in 2025. This move follows a trend where low-income workers experienced faster wage increases post-pandemic, known as “wage compression.”

In a statement, President Biden said, “That means higher paychecks and more time with family for millions of Americans.” He also criticized Republicans for siding “with big corporations and special interests on Park Avenue to try to deny workers these protections.”