The proposed rule would do the following: Restore and extend overtime protections to lowpaid salaried workers. While these occupations must be paid overtime, New York State.Labor Law requires an overtime rate of 1½ times the state minimum wage for their overtime hours,. The presidential candidates' stances are miles apart on many issues affecting workers, including the minimum wage, overtime pay and the power of labor unions. Employers can expect federal laws and regulations to shift based on this year's election results. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. The Department of Labor's new overtime rule changes the salary threshold for FLSA exempt employees. Read what it means for your business. Either Kamala Harris or Donald Trump will be our nation's next president and the impact on workplace law will be significant regardless of who prevails. Some employers will routinely work more than 40 hours per week in order to complete a slew of tasks.