What's Hot

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [May 30, 2025] - Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail
    • [May 30, 2025] - Senior/Assisted Living Center Proposed in Maricopa
    • [May 30, 2025] - Scottsdale Establishes Transportation & Infrastructure Department
    • [May 30, 2025] - Arizona Projects 05-30-25
    • [May 28, 2025] - Split Vote Complicates Plans for VAI Resort
    • [May 28, 2025] - Safford Approves 165-Unit Multifamily Development
    • [May 27, 2025] - JDM Proposal Reimagines Biltmore Infill Project
    • [May 27, 2025] - $500M Whiteriver Hospital Preparations Advancing
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

      May 30, 2025

      Senior/Assisted Living Center Proposed in Maricopa

      May 30, 2025

      Split Vote Complicates Plans for VAI Resort

      May 28, 2025

      Safford Approves 165-Unit Multifamily Development

      May 28, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      EdgeCore 44-Acre Mesa Land Buy Sets Up Massive Expansion

      May 23, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Peoria Council Approves $1.9B 10-Year CIP

      May 27, 2025

      Scottsdale Water Needs $50M for ‘Toilet to Taps’

      May 9, 2025

      Phoenix Releases $11.5B, 5-Year CIP with Nearly 1,000 Projects

      April 1, 2025

      Buckeye Starts Planning Bond Funding Outlays

      February 26, 2025

      Commercial Real Estate 05-27-25

      May 27, 2025

      Commercial Real Estate 05-20-25

      May 21, 2025

      Commercial Real Estate 05-13-25

      May 13, 2025

      Commercial Real Estate 05-06-25

      May 6, 2025

      Industry Professionals 05-27-25

      May 27, 2025

      Industry Professionals 05-20-25

      May 21, 2025

      Industry Professionals 05-13-25

      May 13, 2025

      Industry Professionals 05-06-25

      May 6, 2025

      Arizona Projects 05-30-25

      May 30, 2025

      Arizona Projects 05-23-25

      May 23, 2025

      Arizona Projects 05-16-25

      May 16, 2025

      Arizona Projects 05-09-25

      May 9, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Executive Order Will Streamline Federal Acquisition Regulations System

      April 26, 2025

      Legislation to Save Axon Plan Continues to Advance

      April 16, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Backlogs, Confidence Increase in April

      May 16, 2025

      Multifamily Developer Confidence Down in Q1

      May 13, 2025

      U.S. Construction Added 11,000 Jobs in April

      May 6, 2025

      Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

      May 30, 2025

      Senior/Assisted Living Center Proposed in Maricopa

      May 30, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      Arizona Projects 05-30-25

      May 30, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Federal » ABC Opposes New Overtime Rule
    Federal

    ABC Opposes New Overtime Rule

    BEX StaffBy BEX StaffApril 26, 2024No Comments2 Mins Read
    Credit: AZ Big Media
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Associated Builders and Contractors

    Associated Builders and Contractors issued the following statement opposing the U.S. Department of Labor’s final rule that will change overtime regulations under the Fair Labor Standards Act. The final rule increases the minimum annual salary level threshold for exemption in two phases: from the current level of $35,568 to $43,888 on July 1, 2024, and to $58,656 on Jan. 1, 2025. In addition, salary thresholds will update every three years starting on July 1, 2027.

    “ABC appreciates that the DOL recognized the value in retaining the methodology used by the prior administration in the 2019 overtime rule update for the phase I increase,” said Ben Brubeck, ABC VP of regulatory, labor and state affairs. “Regrettably, the DOL decided to use a new methodology for phase II, which results in a 65% increase to $58,656 from the current threshold only nine months from now—further complicating the current economic outlook. Multiple industries, like construction, are grappling with uncertain economic conditions such as inflation, supply chain disruptions, high materials prices and workforce shortages, all of which push operational costs ever higher. Specifically, ABC estimates that the construction industry must hire more than half a million additional workers in 2024 to meet demand.”

    “Virtually all of ABC’s members employ workers who qualify for exempt status, and phase II of the final rule will reclassify huge numbers of these employees as nonexempt,” said Brubeck. “This will disrupt the entire construction industry, specifically harming small businesses, as the rule will greatly restrict employee workplace flexibility in setting schedules and hours, hurting career advancement opportunities. These issues will recur repeatedly because the DOL rule will automatically increase the salary level every three years beginning in 2027. Additionally, the rule’s significant increase in the salary level threshold fails to account for disparate income levels in different regions of the country.

    “ABC will consider all options, including a legal challenge, against this final rule,” said Burbeck.

    On Nov. 8, 2023, ABC submitted comments to the DOL in response to the proposed rulemaking, calling on the DOL to withdraw it. (Source)

    ABC Associated Builders and Contractors Ben Brubeck DoL employment reclassification Fair Labor Standards Act federal regulation inflation labor shortage materials prices operational costs overtime rule supply chain disruption U.S. Department of Labor
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Backlogs, Confidence Increase in April

    May 16, 2025

    Labor Department Issues New Guidance on Independent Contractor Classification

    May 14, 2025

    Multifamily Developer Confidence Down in Q1

    May 13, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025

    Arizona Projects 05-30-25

    May 30, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 20250

    By Roland Murphy for AZBEX The City of Phoenix wants to transform the 19th Avenue…

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025

    Arizona Projects 05-30-25

    May 30, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.