Plenty of posters here think all employers exploit, kinda sad.
My employers are part of the team. They get above average pay, above average benefits, flexible work schedule, training, and work they enjoy. yes sometimes they are asked to work 70 hours a week. Many times its a relaxed 35.
Mandatory OT will put some of them out on the street.
I did not say that all employers exploit. I said that I personally worked for several former employers who did. All are out of business now.
Typically they'd hire "managers" as salaried exempt, but then set the payroll for hourly help unrealistically low. So you were supposedly "managing" when in reality all of your time was spent out on the floor with a box cutter and a broom. 60+ hours per week. Break it down per hour and it was below minimum wage.
I got smart and ditched that business a long time ago. But I have some former colleagues who no doubt are celebrating Obama's move today.