Biden Administration Expands Push to Shift Workplace Rules in Favor of Workers [Video]

President Joe Biden’s administration released major regulations last week aimed at tilting workplace rules in favor of workers, the latest in a series of actions by Biden to use the power of federal regulatory agencies to advance policy goals.

Federal regulators finalized rules expanding required overtime pay for workers making less than $58,656 and banning non-compete agreements on Tuesday. And in a move affecting employer-sponsored retirement plans, they finalized a rule requiring retirement advisors to act as fiduciaries, in the best interest of their clients rather than being paid to promote certain financial products.

Taken together, the policies could alter the balance of power in the workplace, giving employees more leverage to switch jobs, potentially raising their bargaining power and ultimately their wages.

“It appears that the Biden administration is taking a number of steps to benefit workers, potentially at the expense of their employers, and is trying to tilt the playing field more in favor of …