The threat of higher wages often puts investors into a cold sweat. But don't expect much of a reaction from soon-to-be effective rules that could make 4.2 million more salary workers eligible for overtime pay.
The new rules appear to be the definition of labor inflation. Starting Dec. 1, white-collar workers earning less than $47,476 are suddenly potentially eligible for time-and-a-half wages for every hour worked past 40 hours.
The rules could result in higher pay for lower-level managers ranging from manufacturing shift leaders, health care workers to restaurant and retail managers, says Mykkah Herner, modern compensation evangelist at PayScale. "It's a significant shift," Herner says.