It's been a big week for working people, but there are some correspondingly big caveats.
Their actions, along with the recent flurry of union activity and a still-tight labor market, are helping swing the balance of power between capital and labor in the U.S. closer to workersThere's an inherent imbalance of power between employers and the individual workers who serve at their discretion — and regulation is one way to adjust for that.
Observers think the suit is likely to succeed — the judge who will hear the case, J. Campbell Barker, hasfrom Biden federal agencies, including the COVID-era eviction moratorium and banking regulations around race discrimination. Currently, that minimum salary is $35,568 a year. The new rule would bump it up to $43,888 on July 1, and then to $58,656 in 2025.
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