Update: By the way, the chair of the department does not have the best English skills because he is Asian and went to school in Germany, so English is probably his third language. Don't tell me not to go to RPI because of the guy's English skills, lol. Update 2: Ohh no, I know the term candidate is common...
Iowa's overtime minimum wage is $10.88 per hour, one and a half times the regular Iowa minimum wage of $7.25. If you earn more then the Iowa minimum wage rate, you are entitled to at least 1.5 times your regular hourly wage for all overtime worked.
But the salary threshold under which workers are eligible to receive overtime pay is a mere $23,660 a year (or $455 a week). Anyone who makes more than this cannot receive overtime pay. Today, 1.57 times the median wage would be $1,050 a week, which is close to the administration's threshold of $970 a week. 2  In 1950 policy makers argued the salary threshold should be 25% higher than the entry-level wage of a college graduate. 3  Today, that would yield a threshold of $1,000 a week.