The numbers quoted are thresholds for automatic overtime eligibility. In other words, Obama is proposing making higher wage earners eligible for the automatic “time and a half” overtime pay rates.
So he is getting rid of “Exempt” status like a manager?
How does this work if you make 70.00 per hour which is
more than 100K per year but you only work 40 hrs. you get overtime?
He makes it sound like if you make 50k a year you get overtime which I know is not really what he means.