Now, if this means that you can't claim someone is a salaried employee unless they earn more than $52K per year, I could see how that would have a big impact on employers who put lower wage employees on salary to avoid paying overtime.
Otherwise, I don't see the big deal either.
Hmmm. I didn’t read it as that being the cutoff for what you have to pay someone to say they are salary rather than hourly. But if that is what they mean then $52k is probably reasonable and $26k is way crazy too low.
I live in Virginia and the Hourly Rate for no overtime is $27 an hour, but if they pay you by week it is a lot less. Like 11 per hour.