Well, they did it. The Obama Administration has proposed a new rule that everyone has to punch a time clock unless they are paid at least $921 a week. Here is the proposed rule. Of course, everyone on the Left is patting themselves on the back for giving everyone under that number a raise. In fact what has happened is that everyone under that number just got a demotion, from trusted junior manager to 40-hour-a-week timeclock puncher.
Here is another way to put it: The only people who now have the right to work more than the minimum to demonstrate one's readiness for more responsibility are those paid over $48,000 a year. McKinsey consultants and lawyers and investment bankers can choose to work extra hours in order to gain promotions. McDonald's shift managers no longer have that same right. This is a law written by salaried professionals telling younger and lower-paid workers that they have no right to be ... salaried professionals. This is a law propounded by a President who pays many of the young professional interns in his campaign and non-profit $0.00 an hour.
Update: By the DOL's own reckoning, 40% of salaried employees fall below this number and thus are affected. Some will get a small raise over the bar, but an enormous part of the workforce will find themselves dumped into the ranks of work-just-the-minimum timecard punchers. This has the potential to hit far more people than any minimum wage increase.