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Proposed Changes to the Minimum Salary for Exempt Employees

Between 1940 and 1975, the minimum wage for exempt employees was raised every five to ten years.  In 1975, the minimum salary for exempt employees was set at $8,060 and $8,840 per year, depending on job duties.  Roughly 30 years later, in 2004, the Department of Labor (DOL) updated the minimum salary for exempt employees to $23,660 per year.  Now, the DOL is proposing an increase to $50,440 per year.

In general, an employee is considered exempt if all of the following apply.