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shapecharge/iStock(NEW YORK) -- The Trump administration's new rules for overtime pay are set to go into effect Jan. 1, 2020, and some economists and labor activists have said they don't go far enough in supporting workers.'This is a real win for corporate executives and a real loss for workers,' Heidi Shierholz, the former chief economist at the U.S. Department of Labor, told ABC News on Wednesday.

It's the first such first rule updates in 15 years, according to a government statement.The update also raised the annual salary threshold at which time-and-a-half pay kicks in after 40 hours to $35,568 from $23,660.Acting U.S. Secretary of Labor Patrick Pizzella said in a statement that the rule 'brings a common sense approach that offers consistency and certainty for employers as well as clarity and prosperity for American workers.'The rules could benefit laborers currently paid slightly over the $23,660 threshold, which exempts them from overtime pay.Critics were quick to point out, however, that the Trump administration's overtime rules do not go nearly as far as a 2016 rule put forward by the Obama administration that was later shot down in a district court after businesses and states fought against it.About '8 million fewer workers will get the new or strengthened overtime protections under this Trump rule than they otherwise would have' compared with the 2016 rule, Shierholz said.

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