As to the OP’s “were you aware”, the shift was proposed about a year ago and has been covered regularly. According to this article, the 1975 bump was to about $50k/year (real). So we may be a bit shy of that with the new level.
“the White House said 12% of salaried workers were below the current threshold, compared with 18% in 2004 and 65% in 1975.”
I’m not sure what it will be after the change.