DOL Secretary nominee supports FLSA overtime rule that reflects inflation

During a confirmation hearing, Department of Labor Secretary nominee Alexander Acosta indicated his support of increasing the salary threshold with inflation. After accounting for inflation to the cost of living since 2004 (when the rule was last updated), Acosta believes “the salary threshold figure would be somewhere around $33,000." An increase from the current rule but not as extreme as the rule the Obama administration proposed. Acosta is aware of both the impact on the economy and lower-wage regions as well as the lack of salary adjustment in over a decade.