Overtime pay — bonus wages for hours worked above the 40-hours-per-week standard — used to be a mainstay of middle-class life, with about 60 percent of the workforce meeting the federal regulatory standard that required overtime hours to be paid at 1.5 times the normal rate of pay. But over time, inflation and indifference greatly eroded the legal standard's bite, with a 2004 rule saying only those earning less than $23,660 — about 7 percent of the population — qualified for overtime.
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