Handyman increase in the annual-dollar-volume threshold for FLSA
An increase in the annual-dollar-volume threshold for FLSA “enterprise” coverage to a level higher than $500,000. This current minimum amount was first set in 1989, and a combination of inflation and other economic developments over the last 20 years means that this sum no longer serves Congress’s purpose of excluding many small businesses from the FLSA’s requirements. Consequently, the financial, regulatory, and claims-related burdens of the FLSA fall heavily upon a much-larger segment of small employers than Congress intended.
Of course, many details must be worked through before initiatives like these could be proposed or adopted. In addition, politically speaking, the FLSA has proven to be especially difficult to change. But perhaps high unemployment and the still-ailing economy provide atypical motivation for a coalition drawn from employees, employers, and government representatives who favor bringing the law into the 21st century.
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