For most people, a salaried job paying $25,000 a year is far from exceptional. It corresponds to an hourly wage of roughly $14, which isn’t enough to live on in many pricey metro areas.

But, according to existing federal labor rules, a $25,000 job can be classified as managerial or given another designation that exempts it from overtime pay. That’s why the Obama administration moved this week to change those rules.

Read more.