Saturday, November 18, 2023

Colleges Predict Tuition Increases, Layoffs Under Proposed Overtime Rule - Katherine Knott, Inside Higher Ed

Colleges and universities are warning they might have to raise tuition or lay off staff in response to a Biden administration plan to extend overtime eligibility to millions of U.S. workers, including thousands in higher education. That’s according to their public comments on the Department of Labor’s proposal to raise the income cutoff for overtime pay by 55 percent. The administration and its supporters say the rule change is needed to ensure that lower-paid salaried workers receive fair compensation.