A flurry of new rules from the Biden administration attempt to ban noncompetes, boost overtime pay, and increase refunds for delayed flights [Video]

The Biden administration this week pushed out a slate of rules it says are meant to boost competitiveness and put more money into workers’ pockets.

There are already challenges to at least one of the rules — but together they could land overtime pay for millions more workers, ban noncompetes that prevent workers from moving into jobs in similar industries, and help people get automatic refunds for delayed or canceled flights.

“By increasing competition, these rules give workers their fairly earned wages and gives consumers more power to purchase the best option,” Lael Brainard, the director of the National Economic Council, told Business Insider.

More workers eligible for overtime pay

Under the Department of Labor’s new rule, many workers who make under $43,888 will be eligible for overtime pay effective July 1. That’s nearly $10,000 higher than the existing threshold of $35,568; next January it’s set to rise to $58,656.

The department estimatesthe change will affect 4 …